Official data showed that the government revenues reached almost VND707 trillion (US$ 31.1 billion), up 17%, while spending was estimated at VND747 trillion (US$32.9 billion).
The NFSC forecast that in the remaining months of the year revenue collection would remain stable, ensuring that spending deficit for the whole of 2017 would not exceed 3.5% of GDP.
According to the NFSC, the economy’s aggregate supply continued to grow in the past eight months thanks to improved industrial production, while aggregate demand also remained positive as a result of rising consumption and strong export-import growth.
The commission stated that inflation rebounded in August, after months of falling, but if increases in public services are excluded, the consumer price index increased by just 0.52% from a year ago and remained flat compared with the beginning of the year.
In addition, credit growth in the first eight months was positive with the banking system showing strong liquidity.
