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State earns nearly VND1,200 trillion in first seven months

By Xuan Thao/ Huyen Trang

By Xuan Thao/ Huyen Trang

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13:51 | 01/08/2024 Finance Follow english.haiquanonline.com.vn on
VCN - According to the General Statistics Office, state budget revenue in the first seven months of 2024 is estimated to increase by 14.6% year-on-year. State budget spending is estimated to increase by 0.6% year-on-year, meeting the needs of socio-economic development, national defense, security, state management, payment of due debts as well as timely payments for beneficiaries.
Vung Ang Customs earns VND4,482.87 billion Vung Ang Customs earns VND4,482.87 billion
HCM City Customs processes clearance procedure for nearly 1.6 million of import – export declaration HCM City Customs processes clearance procedure for nearly 1.6 million of import – export declaration
Quang Nam Customs completes procedures to refund nearly VND 1,200 billion in taxes to businesses Quang Nam Customs completes procedures to refund nearly VND 1,200 billion in taxes to businesses

Specifically, total state budget revenue in July 2024 is estimated to reach nearly VND150 trillion VND. Total state budget revenue in the first seven months of 2024 is estimated at nearly 1,200 trillion, equal to 69.8% of the annual estimate and up 14.6% year-on-year.

Domestic revenue in the first seven months of 2024 is estimated to reach VND995 trillion, equal to 68.9% of the annual estimate. Illustration photo.
Domestic revenue in the first seven months of 2024 is estimated to reach VND995 trillion, equal to 68.9% of the annual estimate. Illustration photo.

Of which, domestic revenue in July 2024 is estimated to reach VND126.2 trillion, bringing the total revenue of the seven months to VND995 trillion, equal to 68.9% of the annual estimate and up 15.8% year-on-year.

Revenue from crude oil in July 2024 is estimated at VND4.8 trillion; bringing the revenue from this item in the seven months of 2024 to VND34.4 trillion, equal to 74.7% of the annual estimate and down 2.7% year-on-year.

Budget balance revenue from export and import activities in July 2024 is estimated at VND18.8 trillion; Accumulated for the first 7 months of 2024, this revenue is estimated to reach VND158.5 trillion, equal to 77.7% of the annual estimate and up 11.7% year-on-year.

Regarding state budget expenditure, total state budget expenditure in July 2024 is estimated to reach VND152.6 trillion. Accumulated total state budget expenditure in the first 7 months of 2024 is estimated at VND948.3 trillion, equal to 44.7% of the annual estimate and up 0.6% year-on-year.

Recurrent expenditures for the first seven months of 2024 are estimated at VND652.5 trillion, equal to 51.8% of the annual estimate and up 3.7% year-on-year; development investment expenditure reached VND232.1 trillion, equal to 34.3% and down 8.4%; debt and interest payments were VND63.2 trillion, equal to 56.5% and up by 7.7%.
By Xuan Thao/ Huyen Trang
Tags:
revenue budget expenditures state recurrent expenditure

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