As the COVID-19 pandemic is predicted to linger and affect the State budget revenue as well as spending on the pandemic combat, it is necessary to flexibly combine fiscal and monetary policies to keep macro-economic stability, said Minister of Finance Ho Duc Phoc.
State budget collection in 2022 is expected to reach over 1.41 quadrillion VND (61.7 billion USD), while expenditure is estimated at about 1.78 quadrillion VND (78.05 billion USD), up 4.5 percent compared to that in 2021, according to a report on State budget estimates for 2022 that has been made public by the Ministry of Finance.
The total social investment capital disbursed in 2021 was estimated at nearly 2,892 trillion VND (126.5 billion USD), up 3.2 percent annually, reported the General Statistics Office (GSO).
The public investment disbursed in 2021 has reached 77.3 percent of the target set by the Prime Minister, lower than the rate of 82.66 percent recorded last year, according to the Ministry of Finance (MoF).
Deputy Prime Minister Le Minh Khai has signed a decision on the free-of-charge provision of over 4,880 tonnes of rice from the national reserve to Hoa Binh, Ha Tinh and Soc Trang provinces to support needy people who have been affected by restriction measures to fight COVID-19.
Total state budget collection in the first ten months of 2021 fulfilled about 90.9 percent of the estimate and was up 5.5 percent year-on-year, showed data released by the Ministry of Finance’s Department of State Budget.
The central city of Da Nang topped the Digital Transformation Index (DTI) rankings in 2020 for localities nationwide in all three key pillars of digital government, digital economy and digital society, according to the DTI 2020 Report, which was released at a conference in Hanoi on October 19.
Deputy Prime Minister Le Minh Khai has recently signed Decision No.1644/QD-TTg dated September 30 on the expense for the purchase, transportation and delivery of 5 million doses of Abdala vaccine produced by the Cuban Centre for Genetic Engineering and Biotechnology.
The Ministry of Finance has proposed to the Government a credit package to support poor pupils and students in buying computers and equipment serving their online learning amid the COVID-19 pandemic.
Deputy Prime Minister Le Minh Khai on September 29 signed a decision on the purchase and receipt of 20 million doses of Vero Cell COVID-19 vaccine developed by China’s Sinopharm group.
The Ho Chi Minh City People’s Committee has made several suggestions for the Ministry of Finance’s decree to support businesses and individuals affected by the COVID-19 pandemic, including ensuring bank lending rates are no more than 2 percent higher than deposit interest rates.
Retail petrol prices increase by more than 500 VND per litre from 3pm on September 25 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.
Indonesia has decided to buy back 1.16 billion USD worth of global bonds after launching a tender offer for a repurchase for the first time, below an amount it indicated last week, the Ministry of Finance said on September 21.
About 118 trillion VND (5.16 billion USD) worth of taxes, land rent, fees, and charges are expected to be reduced or have payment deadlines extended in 2021 to assist enterprises and people affected by the coronavirus pandemic.
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.
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