State budget revenue reaches over VND214 trillion during Jan-Feb

Sunday, 2020-03-01 13:10:17
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An official provides instruction on tax payment for a local resident at Ba Dinh District Tax Department, Hanoi. (Photo: Ha Noi Moi)
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NDO – The total State budget collection in the first two months this year reached about VND214.2 trillion (over US$9.2 billion), equalling 14.2% of the yearly estimate, the General Statistics Office of Vietnam announced on February 29.

In which, domestic revenue reached VND179.8 trillion, fulfilling 14.2% of the full-year target. Revenue from crude oil was at VND8.6 trillion, equivalent to 24.3% of the year’s plan, while State budget collection from exports reached VND25.9 trillion, accounting for 12.4% of the year’s target.

Domestic revenues collected from State-owned enterprises reached VND21.3 trillion, similar to 12% of the estimate, while budget collection from foreign-invested enterprises (excluding crude oil) reached VND36.5 trillion, fulfilling 16% of the 2020 target.

Revenue from non-state trade and services taxes reached VND42 trillion, equal to 15.5% of the yearly estimate, in addition to VND 15.3 trillion collected from personal income tax, accounting for 11.9% of the year’s plan.

Total State budget expenditure during Jan-Feb period was estimated at VND145 trillion, equalling to 8.3% of the estimate. In which, recurrent expenditure reaching VND116.1 trillion dong, fulfilling 11% of the estimate.

Development and investment expenditure was at VND7.4 trillion, equalling 1.6% of the estimate, while those for interest payment reaching VND21.4 trillion, equal to 18.1% of the year’s plan.