State budget collection reaches 4.3 billion USD in January
Hanoi (VNA) – State budget collection was estimated to hit 97.4 trillion VND (4.3 billion USD) in the first month of 2017, accounting for 8 percent of the estimates, according to the Ministry of Finance (MoF).
Of the
sum, domestic tax collection was 87.9 trillion VND (3.8 billion USD) while
budget revenues from crude oil and import-export activities were 2.3 trillion
VND (101.5 million USD) and 19.2 trillion VND (847.4 million USD),
respectively.
Meanwhile, budget spending was 87.25 trillion VND (3.8 billion USD) in the reviewed
period, or 6.3 percent of the estimates for the year.
According to the ministry, the first month’s expenses were mainly to meet the
needs of socio-economic development, defence, security, State management and
overcoming the consequences of natural disasters.
The progress of investment development spending in general and construction
investment spending in particular remained low, the ministry said, adding that
spending in January was mainly used as investment capital for last year’s
projects.-VNA