Budget expenditures reached VND393.5 trillion, growing 8.3% over the same period in the first quarter

VCN - The Ministry of Finance said that the total balance of budget expenditure in March was estimated at VND140.3 trillion; accumulated budget expenditures in the first quarter of 2024 reached VND393.5 trillion, equal to 18.6% of current appropriation, an increase of 8.3% over the same period in 2023.
Development investment expense is estimated at VND89.9 trillion in the first quarter
Development investment expense is estimated at VND89.9 trillion in the first quarter

Accordingly, development investment expense is estimated at VND89.9 trillion, equal to 13.3% of current appropriation decided by the National Assembly, the disbursement rate is estimated at 13.67% of the plan assigned by the Prime Minister, an increase in both amounts (about VND 16.7 trillion) and disbursement rate compared to the same period last year (in 2023 it reached 10.35% of the plan assigned by the Prime Minister).

Among them, some ministries, central agencies and localities disbursed quite well such as Ministry of Construction (41.44%), Vietnam Television (40.06%), Vietnam Women's Union (29.6%), Tien Giang province (30.51%)... However, there are still 23 ministries and central agencies that have a disbursement rate of 0%, and there are 15 localities with a disbursement rate of less than 10%.

Along with that, debt and interest payments are estimated to reach 29.1% of current appropriation, an increase of 16.6%; regular expenditure is estimated to reach 21.5% of current appropriation, rising 3.4% over the same period in 2023.

The Ministry of Finance also said that the central budget has spent VND 1,205.7 billion from reserves to support affected localities when implementing border demarcation and marking; funding for epidemic prevention and employers facing difficulties due to the epidemic.

In addition, the Ministry of Finance has provided 12.7 thousand tons of national reserve rice following the Prime Minister's Decision to provide relief and hunger relief for the people during the Lunar New Year and the beginning of the year.

In the first quarter, the balance of central budget and local budgets are guaranteed. As of March 27, 2024, nearly VND 80.2 trillion of government bonds have been issued, an average term of 11.53 years, and an average interest rate of 2.24%/year.

By Hoài Anh/Thanh Thuy

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