Indonesia works to reduce state budget deficit World

Indonesia works to reduce state budget deficit

Indonesia's House of Representatives has approved the 2022 state budget bill, marking the beginning of the process of fiscal consolidation of the largest economy in Southeast Asia after nearly two years of heavy spending on COVID-19 response efforts.
PVEP fulfils state budget contribution goal Business

PVEP fulfils state budget contribution goal

The PetroVietnam Exploration Production Corporation (PVEP), has surpassed all of its business goals, with the contribution to the State Budget 7 percent higher than the year’s plan.
PetroVietnam posts three-fold rise in pre-tax profits Business

PetroVietnam posts three-fold rise in pre-tax profits

The Vietnam Oil and Gas Group (PetroVietnam) reported that its pre-tax profit in the first eight months of the year surpassed the set plan by 177 percent and tripled the figure for the same period last year, reaching 30.2 trillion VND (1.32 billion USD).
Funding urged for project linking Con Dao with national grid Business

Funding urged for project linking Con Dao with national grid

The southern province of Ba Ria-Vung Tau has urged the Ministry of Industry and Trade and the Vietnam Electricity (EVN) to promptly allocate funding to a project to connect Con Dao island of the province with the national grid, with nearly 2.53 trillion VND (110.88 million USD) to be channeled from the State budget in the 2021-25 period.
Indonesia aims to reduce state budget deficit World

Indonesia aims to reduce state budget deficit

The Indonesian government aims to cut the State budget deficit to 868 trillion IDR (60.38 billion USD) from 939 trillion IDR, accounting for 4.85 percent of the gross domestic product (GDP) next year.
State budget collection up 15.6 percent in seven months Business

State budget collection up 15.6 percent in seven months

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.