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Vietnam Today

State budget revenue in fine fettle

Released at: 12:28, 01/09/2015

State budget revenue in fine fettle

General Statistics Office announces revenue and expenditure for first eight months of the year.

by Son Ho

State Budget revenue as at August 15 was estimated at $25.72 billion, or 63.5 per cent of the annual plan, according to the General Statistics Office.

Revenue from the domestic sector stood at $19.1 billion, or 67.2 per cent the annual plan, of which revenue from State-owned enterprises was $6.06 billion, representing 61.7 per cent of the plan, while revenue from foreign-invested enterprises (excluding crude oil) was $3.82 billion, or 60.2 per cent of the plan.

Crude oil revenue reached $1.99 billion, or 48.2 per cent of the annual plan, and exports and imports $4.51 billion, or 58 per cent of the annual plan.

Taxes on industry, trade and non-State services totaled $3.56 billion (67 per cent of the plan), with personal income tax at $1.64 billion (71.9 per cent), land use fees $1.57 billion (90.2 per cent), and environmental protection fees $524.86 million (91.5 per cent).

Total budget expenditure as at August 15 was estimated at $30.73 billion, or 60.2 per cent of the annual plan.

Investment and development expenditure was $4.75 billion, or 54.7 per cent of the plan, with capital construction expenditure being $4.61 billion, or 54.4 per cent. Expenditure on the development of the socio-economy, defense, security, and the management of the State and the Party totaled $21.26 billion, or 62.3 per cent. Debt and aid repayments were $4.47 billion, or 67 per cent.

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