State budget collection for 2014 is likely to exceed estimates by 9percent, Deputy Minister of Finance Vu Thi Mai said at a regular meetingin Hanoi on October 9.
In the January-September period, 636trillion VND (30.2 million USD) was collected for the State budget,equal to 81.3 percent of the estimates and representing a year-on-yearrise of 17.2 percent.
Meanwhile, the budget spending edged up 11.9 percent to 768 trillion VND (36.5 million USD), she reported.
The Government bonds have also received more attention from investors,especially five-and 10-year-term bonds which made up 25.9 percent and12.1 percent of the total money mobilised by the State Treasury, in thereviewed period.
To ensure the balance, the ministryis stepping up measures to reform administrative formalities intaxation and customs sectors such as enabling enterprises to use e-taxdeclarations and facilitating business operation.
Finance officials will also tighten management in the field so that theState budget collection can meet or exceed the estimates.
At the same time, the ministry continues directing taxation andcustoms agencies and insurance business associations to come up withsolutions to back firms overcome difficulties and develop operation.
In addition to thrift practices, the ministry strives to manage andutilise effectively the standby State budget with priorities topreventing natural disasters and diseases.-VNA
In the January-September period, 636trillion VND (30.2 million USD) was collected for the State budget,equal to 81.3 percent of the estimates and representing a year-on-yearrise of 17.2 percent.
Meanwhile, the budget spending edged up 11.9 percent to 768 trillion VND (36.5 million USD), she reported.
The Government bonds have also received more attention from investors,especially five-and 10-year-term bonds which made up 25.9 percent and12.1 percent of the total money mobilised by the State Treasury, in thereviewed period.
To ensure the balance, the ministryis stepping up measures to reform administrative formalities intaxation and customs sectors such as enabling enterprises to use e-taxdeclarations and facilitating business operation.
Finance officials will also tighten management in the field so that theState budget collection can meet or exceed the estimates.
At the same time, the ministry continues directing taxation andcustoms agencies and insurance business associations to come up withsolutions to back firms overcome difficulties and develop operation.
In addition to thrift practices, the ministry strives to manage andutilise effectively the standby State budget with priorities topreventing natural disasters and diseases.-VNA
