Hanoi (VNA) – State budget collection has so far reached 85% of this year's estimate, Deputy Minister of Finance Nguyen Duc Chi has reported.
Speaking at a press conference on September 27, the deputy minister said this year’s State budget collection target will be fulfilled, ensuring resources for assigned spending tasks and having reserves to serve unexpected expenditures.
In the last quarter of this year, the financial sector will continue to carry out its assigned tasks to achieve the highest revenue level, he said, adding that the surplus will be used to meet the needs of investment in infrastructure development and important construction projects.
The official also said that the Ministry of Finance has just completed and submitted to the Government for approval a draft decree regarding the reduction of land rent fees in 2024 to support recovery efforts following Typhoon Yagi. Accordingly, there are two options: a 15% or 30% reduction in land lease.
The beneficiary entities include organisations, units, businesses, households, and individuals who are directly leased land by the state according to decisions, contracts or certificates of land use rights and of ownership rights to residential houses and other assets attached to land.
ಞ The decree applies to cases where the lessees are not entitled to enjoy exempted or reduced rental fees, those whose exemptions or reductions have expired, and those currently receiving reductions in rental fees following the Land Law and other relevant laws. The new reduction levels are calculated based on the rental fees payable for this year as stipulated by the law./.
The General Department of Taxation on June 5 reported that the total State budget collection of the tax sector in the first five months of this year was estimated at 767.41 trillion VND (30.19 billion USD), equivalent to 51.6% of the yearly projection and representing a year-on-year rise of 14.9%.
Total state budget collection in the first five months of 2024 was estimated to reach 898.4 trillion VND (35.2 billion USD), equivalent to 52.8% of the yearly estimate, representing a year-on-year rise of almost 15%, according to the Ministry of Finance (MoF).
An estimated 399.4 trillion VND (nearly 16.18 billion USD) was collected for the state budget in the first two months of 2024, equivalent to 23.5% of the year’s target and up 10.4% from a year earlier, the Ministry of Finance reported on March 6.
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