Budget overspending reached an estimated 4.6 billion USD
Budget overspending reached an estimated 100.7 trillion VND (4.6 billion USD) in the first seven months of this year, equal to 44. 5 percent of the year’s budget estimates.
Budget overspending reached an estimated 100.7 trillion VND (4.6 billion USD) in the first seven months of this year, equal to 44. 5 percent of the year’s budget estimates, the Ministry of Finance said on August 5.
Total revenues in the first seven months were 544 trillion VND or 59.8 percent of the year’s estimates, up 6.6 percent against the same period. Of which 404 trillion VND came from domestic revenue and the rest from import-export activities.
In the period, the country spent 645.3 trillion VND, or 56.3 percent of the year’s estimates, representing an 8.1 percent increase from last year.
To compensate for the ove𝓀r-expenditure, 114.5 trillion VND worth of government bonds were issued this year to July 25.🌺-VNA
Budget revenues were estimated at 226 trillion VND (10.5 billion USD) in the first quarter, up 10.3 percent year on year and meeting 24.8 percent of collection plans, according to Deputy Finance Minister Vu Thi Mai.
The Prime Minister has requested ministries and localities continue efforts to expedite adopted measures and solutions stated in Party, National Assembly and Government resolutions.
A continuous improvement in domestic revenue collection (excluding collection from crude oil) in the last months of the year will help the country meet the State budget estimates for 2015.
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