State budget revenue in January up 5.2 percent on year

Total revenue of the State budget in January was estimated at 114.2 trillion VND, equivalent to 8.7 percent of the year’s estimate and up 5.2 percent from the same period last year.

Tax payers register at Dan Phuong district's Department of Taxation in Hanoi (Photo: VNA)

Hanoi (VNA) – Totalrevenue of the State budget in January was estimated at 114.2 trillion VND (5billion USD), equivalent to 8.7 percent of the year’s estimate and up 5.2percent from the same period last year, according to the Finance Ministry.  

Domestic revenue, estimated at95.5 trillion VND, reduced from the same period last year. The figure was equalto 98.6 percent of the revenue in January 2017, but equivalent to 8.7 percentof estimate.  

Meanwhile, revenue from crudeoil surged 48.6 percent year on year, reaching around 4.1 trillion VND and accountingfor 11.4 percent of estimate. The Finance Ministry attributed the increase tohigh world price, with Vietnam’s oil fetching an estimated 66 USD per barrel,16 USD higher than expected price and 7.4 USD higher than the price in the sameperiod last year.

Revenue from foreign trade wasestimated at 22.5 trillion VND, up 9.6 percent on year.

In the same period, State budgetspending was estimated at 91.5 trillion VND, equal to 6 percent of estimate.Debt payment accounted for 15.5 percent.

Government bonds worth more than16.5 trillion VND were issued in January, ensuring money supply for spendingand debt payment.-VNA  

VNA