Cumulative state budget revenue in the first five months was estimated at 1.34 quadrillion VND, equal to 53% of the estimate and up 15.4% compared with the same period in 2025.
A representative of the Ministry of Finance said total state budget expenditure in May was estimated at 186.6 trillion VND. Cumulative expenditure in the first five months was estimated at 845.4 trillion VND, equal to 26.8% of the estimate and up 3.3% year on year. Of this, development investment spending was estimated at about 206.2 trillion VND, equal to 18.4% of the estimate approved by the National Assembly, while the disbursement rate of public investment capital was estimated at 20.3% of the plan assigned by the Prime Minister. Interest payment expenditure reached an estimated 43% of the estimate, and recurrent expenditure was estimated at 32.4%.
In May, tax and customs authorities continued to implement policies on tax, fee, and charge exemptions and reductions to support businesses and people in overcoming difficulties in production and business activities, while promoting socio-economic development. These included new policies on reducing environmental protection tax, value added tax, and special consumption tax on petrol, oil, and aviation fuel. The total amount exempted and reduced in the first five months was estimated at around 72.8 trillion VND.
State budget expenditure in the first five months met spending needs for socio-economic development, national defence and security, state management, and payment of due debt obligations. It also ensured timely payment of salaries, pensions, and social allowances funded by the state budget, while effectively implementing social welfare policies.
The central budget contingency fund allocated 5.605 trillion VND to ministries, central agencies, and localities to overcome the consequences of natural disasters and epidemics, and to handle unexpected and urgent tasks in accordance with regulations. In addition, 15,709 tonnes of rice from the national reserve were released under the Prime Minister’s decisions to provide relief and food aid to people during the Lunar New Year holiday and the early-year lean season.
The disbursement of public investment capital in May showed more positive progress compared with the first months of the year. However, the five-month disbursement rate, estimated at 20.3% of the plan assigned by the Prime Minister, remained low compared with requirements and the same period last year. Ministries, central agencies, and localities are focusing on implementing tasks and solutions to accelerate the allocation and disbursement of public investment capital in 2026.
The balance of the central budget and local budgets was maintained. A total of 159.2 trillion VND worth of Government bonds had been issued as of May 27, 2026, with an average maturity of 9.5 years and an average interest rate of 4.09% per year.
