State expenditure in the first four months of 2024 reaches VND522.2 trillion

VCN – In the first four months of the year, the State budget spending was performed under the estimate, meeting requirements of socio-economic development, national defense, security, and state management and payment of due debts.
Digitalizing procedure for social welfare payment at State Treasury Digitalizing procedure for social welfare payment at State Treasury
Budget expenditures reached VND393.5 trillion, growing 8.3% over the same period in the first quarter Budget expenditures reached VND393.5 trillion, growing 8.3% over the same period in the first quarter
State expenditure in the first four months of 2024 reaches VND522.2 trillion
Expenditure on development investment in four months is estimated at about VND115.9 trillion. Photo: Internet

The Ministry of Finance said that the total state expenditure in April is estimated at VND138.4 trillion. In the first 4 months of the year, the state expenditure increases

4.4% to VND522.2 trillion year-on-year, meeting 24.6% of the estimate.

The expenditure on development investment is estimated at about VND115.9 trillion, meeting 17.1% of the estimate, the disbursement rate is estimated at 17.46% of the plan, increasing by 4 .8% year-on-year; expenditure on debt interest payment is estimated at 35.7% of the estimate, increasing by 17.4%; recurrent expenditure is estimated at 29.1% of the estimate, up 3% year-on-year.

The Ministry of Finance said that the public spending in the first four month of the year is implemented in line with the estimate, meeting the requirements of socio-economic development, national defense, security, state management, and payment of due debts, ensuring funding for epidemic prevention and control, social security spending, and taking care of those receiving salaries, pensions and social benefits from the state budget.

The central budget has spent VND6.4 trillion from reserve funds in 2024 on defense and security and support for localities affected by the implementation of border demarcation; funding for epidemic prevention and control and employers affected by the epidemic.

In addition, the central budget has provided 13.5 thousand tons of national reserve rice under the Prime Minister's decision to support the people during the Lunar New Year and the beginning of the year.

The Ministry of Finance said that balance between the central and local budgets is guaranteed. As of April 25, 2024, the government bonds worth about VND102.97 trillion were issued with average term of 11.22 years and the average interest rate of 2.23%/year.

By Hoai Anh/Ngoc Loan

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