illustrative image (Source: VNA) Hanoi (VNA) – State budget collectionin January-September increased 13.9 percent year on year to reach 843 trillionVND (37.1 billion USD), equal to 69.5 percent of the estimate, according to theMinistry of Finance (MoF).
Domestic revenue was estimated at 663.7 trillionVND (29.2 billion USD), making up 67 percent of the estimate and representing ayear-on-year rise of 11.4 percent.
The finance ministry said direct revenues fromproduction and business activities were low due to reductions in contributions fromsome major manufacturing sectors such as crude oil and gas, automobile, mobilephone, and cigarette.
However, totaldomestic revenue still posted an increase thanks to higher indirect revenues, suchas tax payments from housing and land (up 24.2 percent), personal income tax(up 21.1 percent), charges and fees (up 51.3 percent), and income from lotteryactivities (up 12.4 percent).
Forty-threeout of the 63 localities nationwide collected over 72 percent of the estimatesand 58 reported higher budget collection than the same period last year.
Revenue fromcrude oil reached 34 trillion VND (1.49 billion USD) while that from import-exportactivities was 214 trillion VND (9.41 billion USD), indicating respectiveyear-on-year rises of 15 percent and 10.5 percent.
The totalState budget spending in nine months stood at 904.6 trillion VND (39.8 billionUSD), a yearly increase of 6.6 percent and equivalent to 65.1 percent ofestimate.
Spending ondevelopment investment hit 166.6 trillion VND (7.3 billion USD), equal to 46.6percent of the estimate. The disbursement of State investment for capital constructionmade up 53.1 percent of the estimate (compared to 56 percent in the same periodof 2016).
Payments fordebts and aid totalled 75.35 trillion VND (3.31 billion USD) in the period, meeting76.2 percent of estimate.
As of the endof September, the central budget deficit was about 69 percent of the estimate.-VNA
