According to the Ministry of Finance, the accumulation of domestic revenue during the two-month period reached VND233.2 trillion, equalling 18.4% of the estimate, up 12.8% over the same period in 2019. Of this, revenue from crude oil was VND11.2 trillion VND, equal to 31.9% of the estimate, up 44.4% year on year.
Due to the impact of the new coronavirus disease (COVID-19), import-export turnover growth momentum in the first two months has slowed, revenue from import-export activities reached VND48.2 trillion, equalling 14.3% of the estimate and down 10.8% over the same period last year.
The total State budget expenditure during the Jan-Feb period was at about VND220.6 trillion, equal to 12.6% of the estimate, up 11.5% over the same period in 2019.Of this,, development investment expenditure reached VND34.7 trillion, interest payments at VND25.5 trillion, and regular expenditure approximately VND160 trillion.
Regarding developmental investment expenditure, from the total capital plan for 2020 (assigned by the Prime Minister at VND470.6 trillion) , by February 28, the allocated capital to the central level reached 77.3% of the assigned plan, while the figure for the local level reached 98.3%. The disbursement progress during the last two months reached over 10% of the estimate, double the same period’s figure in 2019 (both in progress and implementation level).
To combat the COVID-19 epidemic, the central budget appropriated VND517.7 billion of the reserves in 2020 to supplement the Ministry of Health’s disease prevention and control activities.
In addition, the Ministry of Finance has granted over 12,700 tonnes of rice from the national reserve as relief to assist localities hit by natural disasters during the inter-crop period in early 2020.
