State budget revenue has reached over 1.3 quadrillion VND (59.5 billion USD) so far this year, representing 91.14 percent of the annual estimate, according to the Deputy General Director of the State Treasury, Nguyen Quang Vinh.
Hanoi (VNA) - State budget revenue has reached over 1.3 quadrillion VND (59.5 billion USD) so far this year, representing 91.14 percent of the annual estimate,according to the Deputy General Director of the State Treasury, Nguyen QuangVinh.
Domestic collections hit 1.16 quadrillion VND,or 92.29 percent of the annual plan. Revenue from crude oil totalled over 33.9 trillion VND, equivalent to 96.52 percentof the plan. Imports and exports contributed 176.7 trillion VND to total revenue, or 84.96 percentof the yearly estimate.
State budget expenditure stood at 993.7 trillion VND, equal to 88.9 percent of the annual estimate of recurrent expenditure ofthe State budget through the Treasury, excluding payment of debts, assistance,additional spending on financial reserve funds, and provisions.
As of mid-December, 356.8 trillion VND out of 471.7 trillion VND in publicinvestment had been disbursed, equal to 75.6 percent of the annual plan and up12.4 percent year-on-year.
Vinh said that as of December 22, the State Treasury had mobilised a total of nearly321 trillion VND to the State budget, equivalent to 94.6 percent of the planset for the year./.
State budget revenue in the first 11 months of this year fell 7.8 percent year-on-year to just over 1.26 quadrillion VND (54.58 billion USD), the Ministry of Finance reported on December 8, blaming the economic fallout from COVID-19 for the decline.
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Illustrative image (Source: VNA) 
