State budget collection exceeds VND 1 quadrillion

VGP – As of late October, the total amount of State budget collection was estimated at VND 1.12 quadrillion, accounting for 84.9% of forecast, up 15.1% against the same period last year, according to the Ministry of Finance.

November 12, 2018 3:18 PM GMT+7

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The MoF reported on November 12 that in the first ten months, domestic collection valued VND 896.8 trillion, equivalent to 81.6% of forecast, up 15.8% against the same period last year.

Excluding State budget collection from land use and lottery, the rest was estimated at VND 682.2 trillion, accounting for 78.6% of forecast, up 13% against the same period last year.

The total amount of State budget collection from crude oil hit VND 52.1 trillion, equivalent to 142.5% of estimate, representing a year-on-year growth of 37.5%.

On the other hand, budget spending was estimated at VND 1.103 quadrillion, up 9.4% against the same period last year.

In the January-October period, regular spending was VND 768.4 trillion, up 5.1% against the same period last year./.

By Kim Anh