Finance

State budget collection rises 18.2 percent in two months

THURSDAY, 07/03/2019 11:16:40

The total state budget revenue was estimated at nearly 246.5 trillion VND (10.6 billion USD) in the 1st 2 months of 2019, up 18.2% year-on-year and equivalent to 17.5% of the target for the whole year.


 
Total state budget revenue was estimated at nearly 10.6 billion USD in January-February. Photo: thoibaotaichinhvietnam.vn

According to the Ministry of Finance, domestic revenue was estimated at 204.8 trillion VND (8.8 billion USD), growing 19 percent from the same period last year. The figure was equal to 17.4 percent of the estimate.

Earnings from crude oil fell 1.7 percent to approximately 8.7 trillion VND (374 million USD), accounting for 19.5 percent of the estimate. 

In the period, state budget spending was at 195.4 trillion VND (8.4 billion USD), or 12 percent of the estimate and up 9.6 percent year-on-year.

The ministry said that it will work to ensure sufficient capital for the implementation of socio-economic targets. 

It has also asked the General Department of Taxation and the General Department of Vietnam Customs to carry out efficient state budget collection measures, step up inspections on tax collection and post custom clearance, as well as enhance the management of tax debts.

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