Budget deficit in 2020 decreased by VND18,394 billion compared to the estimate

Budget deficit in 2020 decreased by VND18,394 billion compared to the estimate

VCN - In the context of the outbreak of the Covid-19 pandemic on a global scale, seriously affecting all socio-economic aspects, state budget collection and spending and expenditure in 2020 achieved positive results.
State revenue meets 57.1% of estimate

State revenue meets 57.1% of estimate

VCN - According to the Ministry of Finance, the total State revenue in May decreased by VND68 trillion to VND126.7 trillion compared with the revenue in April.
Impressive growth in budget revenue

Impressive growth in budget revenue

VCN - In the first quarter, as the pandemic was controlled and the economy recovered, the tax revenue was positive.
The state budget spends VND228.2 trillion

The state budget spends VND228.2 trillion

VCN - The interest payment is estimated to decrease by 4.3% to VND20.3 trillion or 19.6% of the estimate. The recurrent expenditure is estimated to rise 0.9% year-on-year to VND163.3 trillion or 14.7% of the estimate.
State revenue reaches 13% of estimate in the first month of 2022

State revenue reaches 13% of estimate in the first month of 2022

VCN - The revenue from imports and exports in January saw a surge. The total revenue is estimated to increase 29.7% compared with the same period 2021 to VND40.3 trillion, or 11.4% of the estimate. The total trade this month is expected to rise 9.3% year-
State revenue earns VND1,523.4 trillion in 2021

State revenue earns VND1,523.4 trillion in 2021

VCN- As of December 24, the total means of payment increased by 8.93% compared with the end of 2020; capital mobilization from credit institutions rose by 8.44%; credit growth of the economy reached 12.97%.
Assigning state budget targets in 2022

Assigning state budget targets in 2022

VCN - Deputy Prime Minister, Le Minh Khai, signed Decision 2047/QD-TTg, assigning the State budget targets in 2022.
Customs revenue reaches 99.95% of the estimate

Customs revenue reaches 99.95% of the estimate

VCN – The customs sector collected VND28,089 billion in October and the trade turnover in the past ten months reached VND314,845 billion, or 99.95% of the estimate, and 95.1% of the desired target, up by 25.24% year-on-year, the General Department of Cust
Allocation norms of recurrent expenditure estimate of State budget 2022

Allocation norms of recurrent expenditure estimate of State budget 2022

VCN – The allocation of recurrent expenditure estimates of the State budget must be consistent with the balance of the State budget in 2022, the 3-year financial-state budget plan for 2022-2024, and the 5-year national financial plan for 2021-2025.
Revenue from non-state enterprises surges

Revenue from non-state enterprises surges

VCN- By the end of the first four months of 2021, the total tax revenue was VND468,088 billion.
Q1 revenue gives momentum for tax sector to fulfill estimate

Q1 revenue gives momentum for tax sector to fulfill estimate

VCN - By the end of the first quarter of 2021, the tax sector’s revenue is estimated at VND347,346 billion, or 31.1% of the estimate, 98.8% over the same period in 2020, reported by the General Department of Taxation.
Tax sector’s revenue exceeded estimate in difficult context of Covid-19 pandemic

Tax sector’s revenue exceeded estimate in difficult context of Covid-19 pandemic

VCN- According to the General Department of Taxation, in 2021, the National Assembly has assigned the Tax sector to collect VND1,116,700 billion, of which, the revenue from crude oil is VND23,200 billion; domestic revenue is VND1,093,500 billion.
Forty-five of 63 provinces and cities complete domestic revenue target in 2020

Forty-five of 63 provinces and cities complete domestic revenue target in 2020

VCN- In addition, it is due to the great efforts of the Tax sector in collecting outstanding tax debts and preventing losses for State revenue.
The revenue of many major localities is lower than 20% of estimate

The revenue of many major localities is lower than 20% of estimate

VCN- According to the Ministry of Finance, the total State budget balancing revenues in November is estimated at VND 108.94 trillion.
Minister of Finance discusses reviewing large revenues in Hanoi

Minister of Finance discusses reviewing large revenues in Hanoi's revenues

VCN- Speaking at a meeting with the Hanoi City Party Committee on December 4, Minister of Finance Dinh Tien Dung said the annual revenue growth rate and the domestic revenue structure of Hanoi are quite sustainable, creating a resource for the timely arrangement of spending tasks.
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