The headquarters of the Hanoi Taxation Department. The state budget revenue increased 7.5 percent year on year in January (Photo: VNA)

Hanoi (VNA) – The state budget revenue is estimated at 144.6 trillion VND (over 6.2 billion USD) in January, up 7.5 percent from a year earlier, the Ministry of Finance said on February 1.

The figure includes 120.5 trillion VND in domestic revenue and 4.5 trillion VND in crude oil revenue, up 5.3 percent and 5.7 percent, respectively. The revenue from import-export is about 19.5 trillion VND.

Meanwhile, the state budget’s spending was some 92.9 trillion VND in January, meeting the demand of regular expenditure on socio-economic development, defence, security, state management, social welfare and debt repayment.

The ministry noted that under the direction of Prime Minister Nguyen Xuan Phuc, it has delivered nearly 44,000 tonnes of rice sourced from the national rice reserve for underprivileged people in the between-crop period and students in disadvantaged areas ahead of the Lunar New Year festival.

In the coming months, the Finance Ministry will continue working to ensure sufficient funding for the approved activities and necessary circumstances. It will also step up tax inspections and post-customs clearance examinations so as to ensure budget collection.-VNA