Illustrative image (Source: VNA)
Hanoi (VNA) – Hanoi collected a total of 155.7 trillion VND (6.85 billion USD) for the state budget as of December 31, exceeding estimates by nearly 10 percent.

Meanwhile, the capital city’s budget spending reached 87.7 trillion VND (3.85 billion USD), according to the Hanoi State Treasury.

To well manage budget collection and spending, the treasury has coordinated with the municipal Departments of Planning and Investment, and Finance in building an inter-sectoral information network on managing investment in capital construction.

It has successfully applied an inter-bank payment system that helps speed up budget collection process.

A representative from the Ministry of Finance said that the city treasury’s successful performance contributes to ensuring the nation’s budget collection and spending. Hanoi’s budget collection accounts for one fourth of the nation’s total.-VNA