Budget collection hits nearly 518 trillion VND in four months hinh anh 1Tax payment information in Hue city of Thua Thien-Hue (Illustrative image. Photo: VNA)

Hanoi (VNA) – Nearly 518 trillion VND (22.23 billion USD) was collected towards the state budget in this year’s first four months, completing 36.7 percent of the yearly target and representing a year-on-year rise of 13.9 percent, reported the Ministry of Finance.

According to the ministry, state budget collection in April was estimated to reach 133.9 trillion VND.

Domestic revenue reached 111.6 trillion VND, pushing the four-month figure to 424.96 trillion VND, up 14 percent year-on-year.

Collection from crude oil was 4.7 trillion VND last month, raising the total amount collected in four months to 18.29 trillion VND, equivalent to 41 percent of the yearly target.

Besides, collection from import-export activities was estimated to reach 17.2 trillion VND in April and 73.9 trillion VND in four-month period.

According to the ministry, high growth has been recorded in several sectors so far this year. Firms’ tax payments saw positive signs in almost all economic sectors in the first four months of 2019.

The majority of localities – 52 out of 63 – reported their domestic collection as reaching set estimates.

State budget spending reached 114.2 trillion VND in April and 429.8 trillion VND in the first four months of this year.

Government bonds worth 82 trillion VND were issued in January-April, ensuring supply for spending and debt payment.

In April, the Government paid about 13.06 trillion VND for debts, including about 11.22 trillion VND in domestic debts and about 1.73 trillion of foreign debts. As a result, in the first four months of this year, about 113.62 trillion VND of debt was paid off, about 17.31 trillion of which was for foreign debts.–VNA