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The press conference for the first quarter of 2017.

Budget revenues increased by 15.2%

Regarding the task of finance-budget revenues in the first 3 months of 2017, Mr. Ngo Chi Tung, the Deputy Chief of the Office of the Ministry of Finance said: The total State budget revenues in the first 3 months of this year reached 280.9 trillion vnd, equivalent to 23.2% of estimate for 2017, an increase of 15.2% compared to the same period in 2016.

The total State budget expenditure reached 284.96 trillion vnd, equal to 20.5% of the estimate for 2017, an increase of 7.8% compared to the same period in 2016. Thus, the State budget deficit in the first 3 months of 2017 was 4.050 trillion vnd, equivalent to 2.27% of the estimate for 2017.

The issue of Government bonds in 2017 is quite convenient, timely meeting the budget expenditure tasks in line with the estimate. By the end of 31^st March 2017, 56,497 billion of Government bonds had been issued, equivalent to 30.8% of the plan for 2017.

In March 2017, the Government did not sign more foreign loan agreements, so in the first 3 months of 2017, the Government signed 4 loan agreements with a total value of $US 203.24 million, equivalent to 4,487 billion vnd.

By 27^th March 2017, the total value of ODA loans and preferential disbursement reached 11,008 billion vnd; and total debt repayment reached 73,743 billion vnd.

Also in the first 3 months of 2017, Customs officers handled 2,599 cases of violation with the value of 66 billion vnd. The Customs revenues reached 32.4 billion vnd. Accordingly, the Customs force prosecuted 6 cases and transferred 13 cases to another agency to prosecute.

Regarding the number of enterprises which has been restructured and accumulated, in the first 3 months of 2017, there were 7 enterprises to be approved by the competent authorities for equitization. The total actual value of 7 enterprises to be approved for equitization plan was 1,855 billion vnd, with the actual value of the State capital of the enterprise reaching 379 billion vnd.

In the first 3 months of 2017, State agencies disburse 3,072 billion vnd and collected 14,236 billion vnd. In particular, in 5 sensitive sectors, State corporations and groups divested 35.8 billion vnd and collected 36.3 billion vnd.

In addition to divesting capital in the above five sectors, State corporations and groups divested 1,703 billion vnd collected 2,061 billion vnd. SCIC has sold capital in 15 businesses with a value of 1,333 billion vnd and collected 12,139 billion vnd (including the divestment of SCIC at Vinamilk with a value of 783.7 billion vnd, collecting 11,286.4 billion vnd).

Revenues increased

Answering the question: "Does the State pay back as much as possible while the economic growth is not good, the State budget revenue is still increasing?", Mr. Nguyen Dai Tri, the Deputy Director-General of the General Department of Taxation, under the Ministry of Finance said that in the first quarter of 2017, total budget revenues reached 23.2% of the estimate for 2017, an increase of 15.2% compared to the same period in 2016 with fees and charges increasing by nearly 3 times over the same period.

An increase in State budget revenues was mainly due to some changes in some types of fees and charges from 1^st January 2017 such as fees for using road tolls, maritime fees, and license fees. These changes have affected the toll and fees in the first quarter of 2017.

Thus, despite a decline in economic growth, revenues have increased, including an increase in fees and charges due to changes in some of the regulations.

"In general, the increase is still in accordance with the Law on". Mr. Tri said.

Regarding the formulation of the Circular guiding the casino business, betting, horse racing and dog racing, Mr. Nguyen Hoang Duong, the Deputy Director of Finance Department of Banks and Financial Institutions said: "The Drafting Board is in the process of developing the circular on schedule”.

According to Mr. Duong, the specific provision of conditions for registration of investment and business have been specified in the Government's Decree, so the draft Circular only guides some procedures related to reporting and monitoring of the Ministry of Finance as well as relevant agencies.

Currently, the draft Circular has been submitted to the Ministry of Finance for comments. After widely publicizing on the Ministry of Finance’s Portal before submitting to the Minister of Finance for signing.

Regarding the selection of an enterprise for pilot betting business as stipulated in the Government Decree, Mr. Duong said that the Ministry of Finance was cooperating with relevant Ministries, such as the Ministry of Culture, Sports, and Tourism; the Ministry of Planning and Investment, the Ministry of Justice; and the Ministry of Public Security to report to the Prime Minister on the selection of the pilot enterprise.

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According to the Law, this selection will be in accordance with the Law on Procurement. Accordingly, the Ministry of Finance and relevant units will publicize information so that enterprises can register to participate in the bid transparently.