Chủ đề: state budget

State budget revenue reached nearly VND184 trillion ($8.16 billion) in January while expenditure was almost VND114 trillion ($5.03 billion). It was therefore in surplus by more than VND70 trillion ($3.1 billion).

The State budget surplus is continually decreasing due to difficulties in revenue collection as more is being spent on the prevention and control of Covid-19. The surplus in the first eight months of the year was VND82 trillion ($3.6 billion), then VND58 trillion ($2.55 billion) in the first nine months and VND20 trillion ($879.13 million) in the first ten months.

The Ministry of Finance (MoF) is collecting comments on the Public Report on the State Budget Estimate in 2022, which is to be submitted to the National Assembly. Collections in 2022 are estimated at VND1.4 quadrillion ($61.54 billion), while there are various changes in allocations.

The Ministry of Finance (MoF) aims to increase total State budget expenditure by VND2.6 quadrillion ($114 billion) in the 2021-2025 period, while keeping the proportion of GDP at 28 per cent, as in the 2015-2020 period.

According to a report from the Ministry of Finance (MoF), the State budget was in surplus by more than VND101.5 trillion ($4.43 billion) in the first seven months of the year despite the economic impact of Covid-19.

State budget revenue reached 67.9 per cent of the estimate in the first seven months of 2021, with the prevention of Covid-19 being prioritized.

State budget revenue in 2019 reached VND1.5 quadrillion (about $65.1 billion), some 10.1 per cent over the estimate, according to the National Assembly (NA) Finance and Budget Committee. Regarding the settlement of State budget expenditures, there are still some limitations and inadequacies, such as a high proportion of recurrent expenditures in total expenditure, many important recurrent expenditures not meeting estimates, and spending not being in accordance with regulations, standards, and limitations.

State budget revenue in 2019 reached VND1.5 quadrillion (about $65.1 billion), an increase of 10.1% compared to the estimate, according to the Finance and Budget Committee of the National Assembly. Regarding the settlement of state budget expenditures, there are still some limitations and inadequacies such as high proportion of recurrent expenditure in the total expenditure; many important recurrent expenditures not meeting the estimate; spending not being in accordance with regulations, standards, limitations...

The ongoing pandemic will put pressure on the allocation of the State budget since Vietnam has not reached social immunity.