Deputy Prime Minister Vuong Dinh Hue speaks at the event (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Vuong DinhHue chaired a teleconference in Hanoi on December 31 with localities to discussState budget revenue and expenditures 2019.
At the event, Deputy PM Hue briefed participants of theteleconference between the Government and localities to realise the 14th National Assembly’s Resolution on socio-economic development 2020.
He said 2019 was the second consecutive year that all the 12key targets had been met, with seven of them surpassed. The gross domesticproduct grew by 7.02 percent, higher than the target set by the legislature,placing the country among the highest growing economies in the region and theworld.
Amid declining global trade, exports-imports hit an all-timehigh of 518 billion USD, with exports up 8.1 percent. The total retail of goodsand services increased by 12 percent while over 138,000 new enterprises wereestablished during the year.
It was also the second year in a row that the State budgetcollection hit nearly 32 trillion VND (1.39 billion USD) and all the 63 citiesand provinces completed revenue collection targets, he said.
The Deputy PM asked ministries, agencies and localities tocontinue abiding by laws regarding debt management and waiver, late taxpayment, and use technological advances in budget collection and spending,among others.
They were also required to deal with difficulties confrontingbusinesses, provide all possible support for them, and continue conductingpost-custom clearance inspections.
At the same time, they must step up the fight against tradefrauds and smuggling, and build budget for the next five years to ensure thefulfillment of the socio-economic development goals in the future.
As of December 31, the total State budget collectionsurpassed 1.53 quadrillion VND, up 9.1 percent from the estimate.
This year, the Finance Ministry uncovered 17,300 violationcases in customs field and suggested reclaiming 25.1 trillion VND to the Statebudget.
The total amount of tax debt was over 80.8 trillion VND asof the late December, up 5.9 percent year-on-year.
The State budget overspending was reduced to below 3.4percent from 3.7 percent and public debts brought down to 56.1 percent from63.7 percent in late 2018./.
At the event, Deputy PM Hue briefed participants of theteleconference between the Government and localities to realise the 14th National Assembly’s Resolution on socio-economic development 2020.
He said 2019 was the second consecutive year that all the 12key targets had been met, with seven of them surpassed. The gross domesticproduct grew by 7.02 percent, higher than the target set by the legislature,placing the country among the highest growing economies in the region and theworld.
Amid declining global trade, exports-imports hit an all-timehigh of 518 billion USD, with exports up 8.1 percent. The total retail of goodsand services increased by 12 percent while over 138,000 new enterprises wereestablished during the year.
It was also the second year in a row that the State budgetcollection hit nearly 32 trillion VND (1.39 billion USD) and all the 63 citiesand provinces completed revenue collection targets, he said.
The Deputy PM asked ministries, agencies and localities tocontinue abiding by laws regarding debt management and waiver, late taxpayment, and use technological advances in budget collection and spending,among others.
They were also required to deal with difficulties confrontingbusinesses, provide all possible support for them, and continue conductingpost-custom clearance inspections.
At the same time, they must step up the fight against tradefrauds and smuggling, and build budget for the next five years to ensure thefulfillment of the socio-economic development goals in the future.
As of December 31, the total State budget collectionsurpassed 1.53 quadrillion VND, up 9.1 percent from the estimate.
This year, the Finance Ministry uncovered 17,300 violationcases in customs field and suggested reclaiming 25.1 trillion VND to the Statebudget.
The total amount of tax debt was over 80.8 trillion VND asof the late December, up 5.9 percent year-on-year.
The State budget overspending was reduced to below 3.4percent from 3.7 percent and public debts brought down to 56.1 percent from63.7 percent in late 2018./.
VNA
