Business

State budget revenue up in first two months

State budget collections were estimated at 286.7 trillion VND (12.4 billion USD) during January and February, or 21.3 percent of the annual estimate and up 0.6 percent year-on-year, the Ministry of Finance reported on March 8.
State budget revenue up in first two months ảnh 1Illustrative image (Photo: VNA) 

Hanoi (VNA) - State budget collections were estimated at 286.7trillion VND (12.4 billion USD) during January and February, or 21.3 percent ofthe annual estimate and up 0.6 percent year-on-year, the Ministry of Finance reportedon March 8.

Domestic revenue stoodat 246.65 trillion VND, equivalent to 21.8 percent of the estimate and markinga year-on-year rise of 2.8 percent. 

After conducting 3,400inspections and checking 16,500 corporate tax filings, tax agencies proposed 3.4trillion VND in fines be imposed, including 780 billion VND for the Statebudget. Some 345 billion VND has been collected, together with 5.1 trillion VNDin tax debts.

State budget expenditure reached 207.3 trillion VND in the first two months, or12.3 percent of the estimate and down 6 percent year-on-year. Of this, 23.49trillion VND was for development, or 4.9 percent of the estimate and down 32.4percent.

According to theministry, debt interest payments fell 14.3 percent to 21.88 trillion VND whileregular expenditure was up 1.2 percent year-on-year to 161.8 trillion VND.

Some 12,760 tonnes ofrice from the national reserve were provided for residents in disaster-hitareas. Up to 27 trillion VND worth of Government bonds were issued.

In the remaining months of this year, the ministry will continue using thenational reserve, as requested by the Prime Minister, and implement bids to buy ricefor the reserve./.

VNA
#State budget collection #Ministry of Finance #Vietnamplus #Vietnam News Agency #national reserve #debt interest payment #regular expenditure Vietnam
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