State budget collection up 15.6% in seven months

Total state budget revenue reached VND912.1 trillion (US$39.74 billion) in the first seven months of 2021, equalling 67.9% of the estimate and up 15.6% year-on-year, announced the Ministry of Finance.

Total state budget revenue reached VND912.1 trillion (US$39.74 billion) in the first seven months of 2021. (Representative image: VNA)
Total state budget revenue reached VND912.1 trillion (US$39.74 billion) in the first seven months of 2021. (Representative image: VNA)

The ministry said the domestic collection during January-July hit VND744 trillion, 65.6% of the estimate and increasing by 12.9% year-on-year.

Revenue from import-export activities were VND145.4 trillion, equivalent to 81.5% of the estimate and up 37.5% annually.

Meanwhile, state budget spending was estimated at VND810.6 trillion during the period, equal to 48% of the estimate.

A total of VND4.2 trillion from the central budget and nearly VND2.4 trillion from local budgets were channelled into the fight against COVID-19 prevention and control.