Ten-month state budget collection meets over 90 percent of estimate
Total state budget collection in the first ten months of 2021 fulfilled about 90.9 percent of the estimate and was up 5.5 percent year-on-year, showed data released by the Ministry of Finance’s Department of State Budget.
State budget collection in the first ten months of 2021 fulfilled about 90.9 percent of the year's target (Photo: VNA)
Hanoi (VNA) - Total state budget collection in the first ten months of 2021 fulfilled about 90.9 percent of the estimate and was up 5.5 percent year-on-year, showed data released by the Ministry of Finance’s Department of State Budget.
Of the sum, the domestic collection met some 87.9 percent of the estimate and increased by 1.9 percent annually.
Revenue from crude oil and import-export activities went up 12.5 percent and 27.7 percent on-year and exceeded the estimates by 43.6 percent and 6.6 percent, respectively.
According to the ministry, between January and October, 53 localities saw domestic collection meeting over 83 percent of the estimate and 41 localities posted higher figures compared to the same period last year.
Meanwhile, state budget spending during the period was equal to 68.1 percent of the estimate, with a significant amount poured into COVID-19 prevention and control and impact mitigation nationwide. The disbursement of development funding remained slow, reaching only 55.8 percent of the plan assigned by the Prime Minister./.
Finance Minister Ho Duc Phoc has affirmed that the State budget is enough for expenditures planned by the National Assembly (NA) and the Prime Minister.
State budget collection from import-export activities reached 285.62 trillion VND (12.53 billion USD) in the first nine months of this year, equivalent to 90.6 percent of the estimate and a year-on-year rise of 25.83 percent.
The Vietnam Oil and Gas Group (PetroVietnam) has surpassed important business and financial targets set for the first nine months of 2021, with its contribution to the State budget fulfiling the yearly plan.
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State budget collection in the first ten months of 2021 fulfilled about 90.9 percent of the year's target (Photo: VNA) 
