State budget collection reaches VND220.5 trillion in first two months

Tuesday, 2021-03-02 11:22:47
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NDO – State budget collection in the first two months of this year reached VND220.5 trillion (US$9.56 billion), equivalent to 16.4% of the estimate, according to the General Statistics Office.

Of which, domestic revenue reached VND194.1 trillion, fulfilling 17.1% of the full-year target. Revenue from crude oil hit VND3.2 trillion, equivalent to 13.8% of the year’s plan, while State budget collection from exports reached VND22.7 trillion, accounting for 12.7% of the year’s target.

Domestic revenue collected from State-owned enterprises reached VND23.3 trillion, similar to 15.7% of the estimate, while budget collection from foreign-invested enterprises (excluding crude oil) reached VND41 trillion, fulfilling 20.6% of the 2021 target.

Revenue from non-state trade and services taxes reached VND55.2 trillion, equal to 23.2% of the yearly estimate, in addition to VND19.9 trillion collected from land use tax, accounting for 17.9% of the year’s plan.

Total State budget expenditure in the first two months of the year was estimated at VND148.4 trillion, equivalent to 8.8% of the estimate. In which, recurrent expenditure reached VND103 trillion, fulfilling 9.9% of the estimate.

Development and investment expenditure was recorded at VND26.9 trillion, equalling 5.6% of the estimate, while that of interest payment reached VND28.6 trillion, equal to 24.2% of the year’s plan.