Business

Budget collection up over 15 percent in five months

State budget collection was estimated to reach 98.6 trillion VND in May, pushing total revenue in the first five months of 2021 to 667.9 trillion VND (nearly 29 billion USD), equivalent to 49.7 percent of the yearly estimate, up 15.2 percent year on year, the Ministry of Finance has reported.
Budget collection up over 15 percent in five months ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – State budget collection was estimatedto reach 98.6 trillion VND in May, pushing total revenue in the first five months of 2021 to 667.9 trillion VND (nearly 29billion USD), equivalent to 49.7 percent of the yearly estimate, up 15.2percent year on year, the Ministry of Finance has reported.

Of the amount, contributions to the central budget totalled 347 trillion VND, fulfilling 46.9 percent of theyearly target, while local budget revenue was 320.9 trillion VND, equivalent to53.1 percent of the estimate.

Meanwhile, Statebudget spending was 125.8 trillion VND in May and 581.6 trillion VND in thefirst five months, equivalent to 34.5 percent of yearly estimate, similar tothat in the same period last year, according to the ministry.

Spending on development andinvestment was at 102 trillion VND, representing 21.4 percent ofthe estimate, including 47.8 trillion VND fordebt payment and 430.8 trillion VND for regular expenditure./.



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