Eight-month budget collection increases by nearly 14%

Total budget collection in the January-August period was estimated at VND871.8 trillion (US$37.3 billion), or 66.1% of the yearly estimates, an increase of 13.8% year on year, according to the Finance Ministry.

eight-month budget collection increases by nearly 14% hinh 0

Of the figure, domestic revenues were estimated at VND695.8 trillion, up 14.8% from the same period last year, and meting 63.3% of the yearly estimates.

The Finance Ministry said 44 out of the country’s 63 provinces and centrally-run cities met the scheduled pace of budget collection, meaning they have collected 67% or more of the yearly estimates; and 60 localities reported higher budget collection than in the same period last year.

Accumulated budget revenues from import-export activities were around VND199.7 trillion, while revenue from crude oil was nearly VND40.9 trillion.

In the same period, budget expenditures came to VND873.5 trillion, up 10.2% on a yearly basis, and equivalent to 57.3% of the yearly estimates.

More than VND176.8 trillion of investment in capital construction was disbursed in the past 8 months, meeting 44.24% of the plan assigned by the National Assembly and 45.57% of the plan set by the Prime Minister.

The Government raised VND119.26 trillion from the sale of Government bonds in the period.

VNA

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