Business

State budget revenue up 1.3% in Q1

State budget revenue reached an estimated 491.5 trillion VND (over 20.9 billion USD) in the first quarter of 2023, equivalent to 30.3% of the estimate, and up 1.3% from the same period last year, the Ministry of Finance reported on March 30.
State budget revenue up 1.3% in Q1 ảnh 1At a press conference on March 30 to report the collection of State budget in the first quarter of 2023 (Photo: VNA)
Hanoi (VNA) - Statebudget revenue reached an estimated 491.5 trillion VND (over 20.9 billion USD)in the first quarter of 2023, equivalent to 30.3% of the estimate, and up 1.3% fromthe same period last year, the Ministry of Finance reported on March 30.

Twenty-eight of the 63 provinces and centrally-run citiesnationwide recorded state budget revenue hitting 28% of their yearly estimates.

Twenty-three provinces and centrally-run cities saw the higher revenues than in the same period of2022, while 40 others reported lower revenues.

Meanwhile, the accumulated expenditure in thefirst quarter was equivalent to 17.5%  ofthe yearly estimate.

The Ministry of Finance said expenditures in the lastthree months were carried out as planned, meeting requirements for socio-economicdevelopment, defence, security safeguarding, state management, debt repayment,and implementation of social security tasks.

The ministry said it has directed tax and customs offices toimplement tax laws and state budget collection tasks in 2023; fully perform solutionsand policies on state budget collection to support businesses and people.

Apart from accelerating administrative reformand digitalisation, and taking drastic measures to help businesses promote productionand business activities, tax and customs offices have actively performed inspections toprevent revenue losses.

They have also focused on collecting tax from e-commerceservices, and from overseas suppliers without permanent establishments in Vietnam./.
VNA
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