Total State budget collection in the first ten months of this year was estimated at 1.13 quadrillion VND (48.7 billion USD), or 75.2 percent of the annual estimate and down 10.3 percent year-on-year, according to the Ministry of Finance.
Hanoi (VNA) - Total State budget collection in the first ten monthsof this year was estimated at 1.13 quadrillion VND (48.7 billion USD), or 75.2percent of the annual estimate and down 10.3 percent year-on-year, according tothe Ministry of Finance.
Of the total, 959.2 trillion VND was domestic collection, accounting for 75.9percent of the estimate and falling 6.8 percent against the same period lastyear. Meanwhile, 29.65 trillion VND came from crude oil, or 84.2 percent of theestimate and down 37.2 percent year-on-year.
Expenditure in the first ten months stood at more than 1.26 quadrillion VND, equivalentto 72.1 percent of the estimate and up 9.7 percent from the same period lastyear.
As of October 26, some 17.77 trillion VND had been set aside for the preventionof COVID-19 and support for people hit hard by the outbreak.
Some 3.17 trillion VND was spent on recovering from the consequences of naturaldisasters and the African swine fever outbreak, while 500 billion VND was usedto support five flood-hit provinces in the central region.
The ministry said State budget collection faced difficulties this year due to thepandemic and climate change./.
The 9th-tenure People’s Council of HCM City commenced its 20th session on July 9, during which key tasks and solutions for the remaining months will be planned to achieve this year’s targets.
State budget collection in the first nine months of this year reached 975.3 trillion VND (42.4 billion USD), equivalent to 64.5 percent of the estimate and representing a drop of 11.5 percent year-on-year, according to the Ministry of Finance.
State budget collection is expected to rise 1.5 percent over 2020, according to a Government report on State budget estimate for 2021, which is being put on discussion before being submitted to the National Assembly.
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Illustrative image (Photo: VNA) 
