State budget revenue in the first two months of this year was estimated at over 129.8 trillion VND (6.18 billion USD), according to the Ministry of Finance.
The sum accounted for 16.6 percent of the whole year’s budget estimates and represented a year-on-year rise of 12.9 percent.
Of the amount, 93 trillion VND came from domestic taxes, equivalent to 17.3 percent of the year’s estimates. The outcome was attributed to bustling economic activities in the last months of 2013 and the first months of 2014.
The 11.6 percent increase in total retail sales and consumption service revenues greatly contributed to the two-month budget collection, plus 1.8 trillion VND from dividends of State capital at State-owned companies and 2.1 trillion VND from small- and medium-sized enterprises’ corporate income tax.
32 trillion VND was collected from import-export activities, or 14.3 percent of the estimates.
The ministry also revealed an estimated budget spend of 150 trillion VND during the period, accounting for 15 percent of the forecast and up 4.3 percent year-on-year.
To cover a budget overspend of 20.2 trillion VND, the management agencies issued more than 51 trillion VND worth of Government bonds, fulfilling 17.5 percent of the yearly plan.-VNA
The sum accounted for 16.6 percent of the whole year’s budget estimates and represented a year-on-year rise of 12.9 percent.
Of the amount, 93 trillion VND came from domestic taxes, equivalent to 17.3 percent of the year’s estimates. The outcome was attributed to bustling economic activities in the last months of 2013 and the first months of 2014.
The 11.6 percent increase in total retail sales and consumption service revenues greatly contributed to the two-month budget collection, plus 1.8 trillion VND from dividends of State capital at State-owned companies and 2.1 trillion VND from small- and medium-sized enterprises’ corporate income tax.
32 trillion VND was collected from import-export activities, or 14.3 percent of the estimates.
The ministry also revealed an estimated budget spend of 150 trillion VND during the period, accounting for 15 percent of the forecast and up 4.3 percent year-on-year.
To cover a budget overspend of 20.2 trillion VND, the management agencies issued more than 51 trillion VND worth of Government bonds, fulfilling 17.5 percent of the yearly plan.-VNA
