State budget revenue reaches over VND427 trillion in first four months

Wednesday, 2020-04-29 18:12:57
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NDO – As of April 15, total revenue of the State budget reached VND427.2 trillion (over US$18.17 billion), equivalent to 28.2% of the yearly estimate, according to the General Statistics Office of Vietnam.

Of which, domestic revenue reached VND351.6 trillion, fulfilling 27.8% of the year’s target. Revenue from crude oil hit VND17.3 trillion, equivalent to 49.1% of the year’s plan, while State budget collection from exports reached VND58 trillion, accounting for 27.9% of the year’s target.

Domestic revenues collected from State-owned enterprises reached VND29.3 trillion, 16.5% of the estimate, while budget collection from foreign-invested enterprises (excluding crude oil) reached VND48.9 trillion, fulfilling 21.4% of the 2020 target.

Revenue from non-state trade and services taxes reached VND63.2 trillion, equal to 27.6% of the yearly estimate, in addition to VND41.4 trillion collected from personal income tax, accounting for 32.2% of the year’s plan.

Total State budget expenditure in the first quarter of the year was estimated at VND408.5 trillion, 23.4% of the estimate. Of which, recurrent expenditure reached VND291.6 trillion, fulfilling 27.6% of the estimate.

Development and investment expenditure was at VND76.6 trillion,16.3% of the estimate, while those for interest payment reaching VND38.6 trillion, equal to 32.7% of the year’s plan.