The total State budget collection in the first eight months of this year was estimated at over 1,124 trillion VND (46.83 billion USD), or 69.45% of the estimate, down 8.8% year-on-year, according to the Ministry of Finance (MoF).
Hanoi (VNA) – The total State budget collection in the first eight months of this year was estimated at over 1,124 trillion VND (46.83 billionUSD), or 69.45% of the estimate, down 8.8% year-on-year, according to the Ministry ofFinance (MoF).
Of which, the central budget revenue reached roughly 72.8% of the estimate while local budgetrevenue was about 65.5%.
It is estimated that out of63 localities, 27 achieved over 68% of their domestic revenue collection targets duringthe period. Nine localities experienced revenue growth and 54others saw lower revenue year-on-year.
The total State expenditure hit more than 1,081trillion VND (45 billion USD), equivalent to 52.1% of the estimate, marking an increase of 13% over the same period last year.
Minister of Finance Ho Duc Phoc asked unitsin the sector to focus on measures to fulfill t🐭he financial and budget tasks asset out./.
Hanoi collected an estimated 220.1 trillion VND (approximately 9.3 billion USD) for the State budget in the first six months of this year, up nearly 23% from the same period in 2022, the highest increase for the period in the 2012-2023 period.
Hanoi’s budget revenue is estimated at 253.2 trillion VND (10.6 billion USD) in the first seven months of this year, equal to 71.7% of the yearly estimate, and up 20.8% year-on-year, according to the municipal People’s Committee.
State budget collection in the first seven months of this year stood at 211.23 trillion VND (8.89 billon USD), equivalent to 49.7% of the estimate, down 19.6% year-on-year, the General Department of Vietnam Customs reported on August 3.
The total revenue to the State budget between January and July exceeded 1.01 quadrillion VND (42.53 billion USD), equaling 62.7% of the yearly estimate and dropping by 7.8% from the same period last year.
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Illustrative image (Photo: VNA) 
