State budget revenue reaches over VND1 quadrillion in eight months

According to the Ministry of Finance, in the first eight months of 2021, total State budget revenue has been estimated at over VND1 quadrillion, equaling 74.8% of the estimate, and up 14.3% over the same period in 2020.

Representative image
Representative image

Of which, domestic revenue was estimated at VND820.4 trillion, equaling 72.4% of the estimate, up 12% over the same period in 2020 (the same period in 2020 reached 57.9% of the estimate, down 9.9%).

The budget balancing revenue from import and export activities is estimated at VND157.5 trillion, equaling 88.2% of the estimate, up 31.2% over the same period in 2020. However, the complicated developments of the Covid-19 epidemic are expected to continue to affect budget revenues in the coming months.

Meanwhile, total state budget expenditure in the eight months is estimated at VND918.1 trillion, equaling 54.4% of the estimate; of which development investment expenditure reached VND187.3 trillion, equaling 39.2% of the estimate.

By the end of August 2021, VND18.8 trillion had been spent from the state budget, of which VND17.2 trillion was for epidemic prevention and control; with VND1.6 trillion used to support people facing difficulties due to the Covid-19 epidemic.