State budget revenue in January up 5.2% on year
Total revenue of the State budget in January was estimated at VND114.2 trillion (US$5 billion), equivalent to 8.7% of the year’s estimate and up 5.2% from the same period last year, according to the Finance Ministry.
Domestic revenue, estimated at VND95.5 trillion, reduced from the same period last year. The figure was equal to 98.6% of the revenue in January 2017, but equivalent to 8.7% of estimate.
 |
Meanwhile, revenue from crude oil surged 48.6% year on year, reaching around VND4.1 trillion and accounting for 11.4% of estimate. The Finance Ministry attributed the increase to high world price, with Vietnam’s oil fetching an estimated US$66 per barrel, US$16 higher than expected price and US$7.4 higher than the price in the same period last year.
Revenue from foreign trade was estimated at VND22.5 trillion, up 9.6% on year.
In the same period, State budget spending was estimated at VND91.5 trillion, equal to 6% of estimate. Debt payment accounted for 15.5%.
Government bonds worth more than VND16.5 trillion were issued in January, ensuring money supply for spending and debt payment.
