With a view to making a financial disclosure of the state budget, the Ministry of Finance (MoF) has publicised its report on Vietnam’s budget situation estimates for 2023. This shows some caution in formulating budget estimations amid lingering difficulties at home and abroad.
State budget revenue reached over 1.69 quadrillion VND (71.4 billion USD) as of December 15, exceeding the estimate by 19.8%, the Ministry of Finance announced at a conference in Hanoi on December 19.
The 11-month state budget revenue is estimated at nearly 1.64 quadrillion VND (67 billion USD), equivalent to 116.1% of the target and up 17.4% from a year earlier, the Ministry of Finance (MoF) announced on December 1.
Cambodia’s National Assembly (NA) on November 25 approved the draft budget of 8.5 billion USD for the government spending in 2022, a rise of 8.4 percent over that of 2021.
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.
State budget revenue hit 781 trillion VND (34 billion USD) in the first half of 2021, equal to 58.2 percent of the estimate and up 16.3 percent year-on-year, according to the Ministry of Finance.
State budget collection was estimated to reach 98.6 trillion VND in May, pushing total revenue in the first five months of 2021 to 667.9 trillion VND (nearly 29 billion USD), equivalent to 49.7 percent of the yearly estimate, up 15.2 percent year on year, the Ministry of Finance has reported.
Nearly 3 trillion VND (130.16 million USD) sourced from the State budget has been disbursed for COVID-19 control and prevention since the start of the year.
The State budget revenue in the first quarter totalled 403.7 trillion VND (about 17.5 billion USD), equivalent to 30.1 percent of this year’s target and up 0.3 percent from a year earlier, the Ministry of Finance (MoF) said on March 29.
The National Assembly adopted the Resolution on State budget estimate for 2021 during its ongoing session in Hanoi on November 12 with 92.53 percent of approval.
The implementation of the salary reform roadmap was discussed and agreed at a meeting of the National Wage Council on March 4 in Hanoi under the chair of Prime Minister Nguyen Xuan Phuc.
The Ministry of Finance (MoF) has announced the outcomes of the implementation of financial and budgetary tasks in the first quarter of 2019, noting that there was a state budget surplus during this period.
A number of individuals, businesses and localities have not obeyed regulations or intentionally circumventing the law to earn profits from BT (Build-Transfer) projects.
The Vietnamese Government has allocated 20 percent of State budget spending or 5.8 percent of national gross domestic product (GDP) each year on education, Minister of Education and Training Phung Xuan Nha has said.
The Finance Ministry reported on November 12 that total State budget collection was estimated at 1.12 quadrillion VND in the January-October period, equivalent to 84.9 percent of the yearly estimates, and up 15.1 percent from the same time of 2017.
Total revenue of the State budget reached 446.3 trillion VND in the first fourth months of 2018, equivalent to 33.8 percent of the yearly estimate and up 12.1 percent year-on-year, according to the Ministry of Finance.
Total revenue of the State budget reached 215.76 trillion VND in the first two months of 2018, equivalent to 16.1 percent of the yearly estimate and up 12.7 percent year-on-year, said the Ministry of Finance.
Total revenue of the State budget in January was estimated at 114.2 trillion VND, equivalent to 8.7 percent of the year’s estimate and up 5.2 percent from the same period last year.
National Assembly Chairwoman Nguyen Thi Kim Ngan has applauded the State Audit Office of Vietnam (SAV) for its contributions in fighting corruption and waste.
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