Of the five-month figure, domestic revenue remained the main contributor, totalling an estimated 1.168 quadrillion VND, or 53.1% of the annual target, up 15.8% from the same period last year.
Vietnam’s budget collection in the first 10 months of this year stood at 1.46 quadrillion VND (58.7 billion USD), surpassing the estimate by 3.7%, and up 16.2% year-on-year, the Ministry of Finance reported.
Budget revenue was forecast to be 14.3% higher than the plan this year but the structure lacked stability as the increase was mainly from land-related revenue.
Vietnamese ministries allocate more than 70 percent of their budgets to climate change adaptation, heard a launch workshop regarding climate public expenditure and investment review (CPEIR) of Vietnam on March 11.
Total state budget revenue reached 912.1 trillion VND (39.74 billion USD) in the first seven months of 2021, equaling 67.9 percent of the estimate and up 15.6 percent year-on-year, data released by the Ministry of Finance on August 9 showed.
The Indonesian government has decided to raise budget spending on health care and social protection to over 214.9 trillion rupiah from the previous 93.93 trillion rupiah (nearly 6.5 billion USD) within the framework of the national economic recovery (PEN).
The financial sector expects to collect over 1.343 quadrillion VND (58.4 billion USD) for the State budget in 2021, equivalent to 15.5 percent of the country’s gross domestic product (GDP), said the Ministry of Finance.
More than 1.48 quadrillion VND (64.2 billion USD) was collected for the State budget in 2020, equivalent to 98 percent of the target, according to the Ministry of Finance.
Ho Chi Minh City witnessed a sharp fall in the State budget revenue but a surge in spending during the first half of 2020 due to COVID-19 impact, according to the municipal Statistics Office.
The Thai cabinet has approved a stimulus package worth 400 billion THB (over 12.7 billion USD) to soften the blow of the COVID-19 outbreak on the local economy.
The financial sector collected over 1,400 trillion VND (60.2 billion USD) towards the State budget in 2018, or 7.8 percent higher than projected, heard a conference to review financial and budget works in 2018 and put forward tasks for 2019.
Ho Chi Minh City recorded high economic growth in the first six months of 2018 thanks to right-track economic restructuring and better business environment.
The economic growth of the northern province of Quang Ninh in the fourth quarter of 2017 is expected to reach 11.7 percent and 10.2 percent for the whole year, according to Chairman of the provincial People’s Committee Nguyen Duc Long.
The Singaporean Government’s budget spending is expected to increase 3.68 billion SGD to 75.07 billion SGD (over 53.6 billion USD) in financial year 2017 - the highest amount so far, said Finance Minister Heng Swee Keat.
The restructuring of State-owned enterprises (SOEs) in the first nine months of this year failed to meet the set target, with 49 SOEs having their equitisation plans approved in the period.
The budget deficit in the first half of the year hit 82.9 trillion VND (3.7 billion USD) due to rising recurrent expenditures and the repayment of debts, the General Statistics Office reported.