Friday, November 16, 2018 - 15:11:27

domestic revenues

Budget deficit rising: GSO

Business

Budget deficit rising: GSO

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.

Budget deficit higher than expected

Business

Budget deficit higher than expected

The State budget deficit was estimated to hit 92.39 trillionVND (4.35 billion USD) in the first half of this year, equal to 57 percent of the annual plan set by the National Assembly, the Ministry of Finance (MoF) announced at a July 19 conference in Hanoi.

Addressing the conference, which reviewed the ministry's performance in the first half of the year and plan for the remaining months, head of MoF's Administrative Office Nguyen Duc Chi reported that the country's total budget collection in the first half reached 356.52 trillion VND (16.58 billion USD).

NA hearings focus on pricing, public debts

Politics

NA hearings focus on pricing, public debts

Minister of Finance Vu Van Ninh admitted problems in price control while affirming the effective use of loans, saying the country has no bad debts so far, at live-televised National Assembly hearings on June 10.