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Photo: VGP/Thuy Dung
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According to the ministry’s report, budget collection is expected to grow by 3% against the estimate assigned by the National Assembly and budget overspending is projected to be capped at 3.7% of GDP as set by the legislature.
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Photo: VGP/Thuy Dung
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The ministry reported that 2017’s total budget collection stood at VND1.2 quadrillion, up VND71 trillion or 5.9% compared with the estimate, and VND43.7 trillion more than the target set by the National Assembly.
In the year, budget deficit was more than VND174 trillion, equivalent to 3.48% of GDP, within the legislature’s estimate.
By Thuy Dung