The state budget spends VND228.2 trillion
Disbursement of development investment capital only meets 8.5% of the estimate set by the National Assembly. Photo: Thuy Linh |
According to data from the Ministry of Finance, state budget expenditure in the first two months of the year is expected to increase by 10.5% year-on-year to VND228.2 trillion, meeting 12.8% of the estimate.
The development investment expenditure is estimated at VND44.6 trillion as in the first two months of the year, ministries, government agencies and localities focused on implementing the allocation of assigned capital plans, and the long Tet holiday, affecting the implementation and disbursement of investment capital.
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.
The public spending in the first two months of the year is consistent with the estimate, meeting the needs of socio-economic development, national defense, security and state management, paying debts and spending for the Covid-19 prevention and control, social security, and creating favorable conditions for people to enjoy the Lunar New Year.
The central budget has spent VND767 billion from the provision in 2022 to localities for Covid-19 prevention and control, supporting people affected by the pandemic and providing plant varieties, livestock and fishery products to restore production in areas damaged by natural disasters and disease.
The ministry distributed 21,480 tons of rice from the national reserve to overcome the consequences of natural disasters, and reserve to people during the Lunar New Year and the first harvest of the year.
The balance between the central budget and local budgets is performed in an effective manner. From January to February, the Ministry issued VND32.46 trillion of Government bonds with an average term of 16.17 years and an average interest rate of 2.39% per year, the Ministry said.
Related News
Implementing unprecedented fiscal policies to actively support people and businesses
16:25 | 17/04/2024 Finance
The Tax sector’s revenue collection reached 33% of current appropriation
10:50 | 15/04/2024 Finance
Ministry of Finance conducts general verification of public assets
17:07 | 14/04/2024 Finance
Reporting to the National Assembly for considering VAT reduction in the second half of 2024
17:09 | 14/04/2024 Regulations
Latest News
Forum discusses support for women-owned firms to join supply chains
17:41 | 18/04/2024 Finance
Ensure savings and prevent losses in disbursement of public investment
10:24 | 18/04/2024 Finance
Foreign investors net sell in Vietnamese market, banking sector attracts interest
16:13 | 17/04/2024 Finance
Banks record positive business indicators in Q1 2024
14:20 | 16/04/2024 Finance
More News
The finance sector focuses on perfecting institutions, ensuring financial discipline, and budgetary rigor
10:00 | 16/04/2024 Finance
IASB recommends Vietnam prepare infrastructure to apply IFRS
09:57 | 16/04/2024 Finance
Strong decentralization for ministries, branches and localities to manage and use electricity projects
10:50 | 15/04/2024 Finance
Savings interest rates begin rising amid slowing bank deposits
17:58 | 14/04/2024 Finance
Removing bottlenecks to develop the green bond market
17:05 | 14/04/2024 Finance
Improving legal framework, ensuring accessibility to green bonds
15:42 | 13/04/2024 Finance
Foreign experts discuss ways to help Vietnam upgrade stock market
15:37 | 13/04/2024 Finance
Ambitious profit goals of banks
10:32 | 13/04/2024 Finance
PM demands strengthened gold market management
13:55 | 12/04/2024 Finance
Your care
Forum discusses support for women-owned firms to join supply chains
17:41 | 18/04/2024 Finance
Ensure savings and prevent losses in disbursement of public investment
10:24 | 18/04/2024 Finance
Implementing unprecedented fiscal policies to actively support people and businesses
16:25 | 17/04/2024 Finance
Foreign investors net sell in Vietnamese market, banking sector attracts interest
16:13 | 17/04/2024 Finance
Banks record positive business indicators in Q1 2024
14:20 | 16/04/2024 Finance