State budget collection tops nearly 9.57 billion USD in first two months
State budget collection was estimated at 220.5 trillion VND (nearly 9.57 billion USD) in the first two months, equivalent to 16.4 percent of the year’s estimate, according to the General Statistics Office.
The Hanoi branch of the State Treasury of Vietnam (Photo: VNA)
Hanoi (VNA) –State budget collection was estimated at 220.5 trillion VND (nearly 9.57billion USD) in the first two months, equivalent to 16.4 percent of the year’sestimate, according to the General Statistics Office.
Collection fromdomestic revenue reached 194.1 trillion VND, or 17.1 percent of the estimate,while that from crude oil 3.2 trillion VND, equivalent to 13.8 percent.
Budget balance stoodat 22.7 trillion VND in the period, hitting 12.7 percent of the estimate.
Collection fromState-owned enterprises was 23.3 trillion VND, or 15.7 percent of the estimate,while 41 trillion VND came from the private sector, excluding crude oil firms.
Collection from industrialand trade charges and services fees contributed 55.2 trillion VND, or 23.2percent of the estimate.
Meanwhile, budgetexpenditure was estimated at 148.4 trillion VND in the two months, equivalentto 8.8 percent of the year’s estimate. Of the figure, regular spending valuedat 103 trillion VND while investment at nearly 27 trillion VND.
More than 1.48quadrillion VND was collected for the State budget in 2020, or 98 percent ofthe target, according to the Ministry of Finance./.
More than 1.48 quadrillion VND (64.2 billion USD) was collected for the State budget in 2020, equivalent to 98 percent of the target, according to the Ministry of Finance.
The financial sector expects to collect over 1.343 quadrillion VND (58.4 billion USD) for the State budget in 2021, equivalent to 15.5 percent of the country’s gross domestic product (GDP), said the Ministry of Finance.
State budget collection was estimated to top 134 trillion VND (nearly 5.83 billion USD) in January, equivalent to 81.2 percent of the figure in the same period last year, according to the General Department of Taxation.
State budget collections in Ho Chi Minh City in January were estimated at 42.47 trillion VND (1.84 billion USD), 11.6 percent of the estimate and up 2.9 percent year-on-year, according to the municipal Statistics Office.
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The Hanoi branch of the State Treasury of Vietnam (Photo: VNA) 
