The Ministry of Finance continues to manage state budget collection and spending estimates, ensuring the balance, Deputy Minister of Finance Vu Thi Mai said at a regular meeting in Hanoi on October 10.

State budget revenue in September was estimated at 52.8 trillion VND (2.4 billion USD), a rise of 1.7 trillion VND (or 5.4 percent) against the previous month.

The levy in the first nine months of 2013 then totalled 543.8 trillion VND, accounting for 66.6 percent of the year’s estimated.

Mai blamed the deficit on difficulties in domestic sources, which only contributed 64.7 percent of the total estimate.

Total spending from January to September met 70 percent of the estimate, up 7.4 percent over the same period last year.

According to the ministry, only 23 localities nationwide collected taxes as panned while 40 others, including economic hubs such as Hanoi, Ho Chi Minh City, Hai Phong, Quang Ninh and Binh Duong, failed to meet their plans.

In the first half of this year, the country’s total budget collection reached 356.52 trillion VND, meeting 43.7 percent of the annual target. The state budget deficit hit 92.39 trillion VND, equal to 57 percent of the annual plan.-VNA