Budget collection hits over VND 481 trillion
09:00 | 12/06/2017

VGP – State budget collection reached VND 85.3 trillion in May, bringing the figure of the past five months to over VND 481 trillion, equivalent to 39.7% of the year target, according to the Ministry of Finance (MoF).

The MoF reported that the amount of State budget collection surged 16.9% against the same period last year.

Domestic budget collection was estimated at over VND 66.8 trillion in May and over VND 388 trillion in the first five months, representing 39.2% of the yearly forecast and up 15.6% against the same period last year.

In May, budget collected from crude oil reached VND 3.84 trillion, up nearly VND 4 billion against April. In the January-May period, the figure hit VND 18.9 trillion, equivalent to 49.3% of the year forecast, up 16% against the same period last year.

In May, export revenue was estimated at VND 22.2 trillion, roughly equal to the previous month. The figure was VND 115 trillion in the first five months, comparable with 40.4% of the year target and up 10.9% against the same period last year.

State budget balance of export activities hit VND 74 trillion, or 41.1% of forecast, up 26.9% against the same period last year.

In January-May, total budget spending was estimated at VND 484.5 trillion, accounting for 10.1% of the same period last year, of which development expenditure hit VND 76,2 trillion (meeting 21.4% of forecast up 22.6%); debt payment VND 44.9 billion (equivalent to 45.4% of forecast, up 10.2%); regular spending VND 362.3 trillion (equivalent to 40.4% of forecast and up 8.3% against the same period last year).

Disbursement of basic construction projects accounted for 21% of forecast, higher than the rate of 20.9% in the same period in 2016.

The MoF attributed the slow disbursement of basic construction projects to late budget allocation./.  

By Kim Anh

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