Seven-month state budget collection up 11.6 percent
The State budget total collection in the first seven months of this year was estimated at 666.68 trillion VND (about 29.36 billion USD), an increase of 11.6 percent over the same period last year.
Hanoi (VNA) – The State budget totalcollection in the first seven months of this year was estimated at 666.68trillion VND (about 29.36 billion USD), an increase of 11.6 percent over thesame period last year.
The amount is equivalent to 55 percent of thewhole year’s estimates, according to the Ministry of Finance.
In the reviewed period, the domestic collectionreached 532.5 trillion VND (23.45 billion USD), up 9.4 percent, accounting for53.8 percent of the year’s estimates.
The budget’s revenues from crude oil andimport-export activities were over 27 trillion VND (1.18 billion USD) and 165trillion VND (7.26 billion USD), up 16 percent and 8.9 percent, respectively.
According to the ministry, 43 out of 63provinces and cities collected 56 percent of their estimates upwards.
Meanwhile, the total budget spending was 695.16trillion VND (30.62 billion USD), up 8.7 percent year on year. Of which, thebudget investment for development was 119.36 trillion VND (5.25 billion USD) inthe reviewed period, up 15.1 percent year on year.-VNA
State budget collection was estimated to hit 97.4 trillion VND (4.3 billion USD) in the first month of 2017, accounting for 8 percent of the estimates, according to the Ministry of Finance (MoF).
State budget revenues falling short of the half-way mark in the first six months of the year is a normal feature of the domestic economy and does not preclude meeting the annual target.
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Illustrative image (Source: VNA) 
