The State revenue in the first seven months of 2024 reaches 69.8% of estimate

By Xuan Thao/Ngoc Loan

09:50 | 02/08/2024 Finance Follow english.haiquanonline.com.vn on

VCN – The State revenue in the first seven months of 2024 is estimated to increase by 14.6% year-on-year. The State expenditure expects to rise 0.6% compared with to the same period in 2023, ensuring the needs of socio-economic development, national defense, security, state management, payment of due debts as well as prompt payment for entities.

	The fourth consecutive year the State revenue surpassed the estimate
	Reduce impact of oil price on the State revenue

The State revenue in the first seven months of 2024 reaches 69.8% of estimate

Accumulated domestic revenue in the first 7 months of 2024 is estimated to reach 995 trillion VND, meeting 68.9% of the estimate. Illustrative photo.

Specifically, the State budget revenue in July totaled about VND150 trillion. Accumulated total state revenue in the first 7 months of 2024 is estimated at VND1,188.1 trillion, meeting 69.8% of the estimate and 14.6% over the same period last year.

The domestic revenue in July 2024 is estimated to reach 126.2 trillion; Accumulated 7 months of 2024 are estimated to reach VND995 trillion, meeting 68.9% of the estimate and up15.8% over the same period last year.

The revenue from crude oil in July 2024 is estimated to reach VND4.8 trillion; Accumulated seven months of 2024 are estimated to reach VND34.4 trillion, meeting 74.7% of the estimate and down 2.7% year-on-year.

The budget balance revenue from export and import activities in July 2024 is estimated to reach VND18.8 trillion; Accumulated for the first 7 months of 2024 is estimated to reach VND158.5 trillion, meeting 77.7% of the yearly estimate and up 11.7% over the same period last year.

The state expenditure, total state expenditure in July 2024 is estimated to reach VND152.6 trillion. The accumulated total state expenditure in the first 7 months of 2024 is estimated atVND 948.3 trillion, equal to 44.7% of the yearly estimate and up 0.6% over the same period last year.

The recurrent expenditures for the first 7 months of 2024 are estimated to reach VND652.5 trillion, meeting 51.8% of the estimate and up 3.7% year-on-year. The development investment expenditure decreased 8.4% to VND 232.1 million, meeting 34.3% of the estimate; Debt and interest payments increased by 7.7% to VND 63.2 trillion, meeting 56.5% of the estimate.

By Xuan Thao/Ngoc Loan

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State revenue estimate

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