Resolution approves State budget balance in 2016

VGP - The National Assembly passed a resolution approving the State budget balance in 2016 during its sitting in the morning of June 12 with 95.48% of approval.

Photo:quochoi

Under the NA resolution approving the State budget balance in 2016, total budget revenues stood at VND1,407,572 billion, and total spending at VND1,574,448 billion. 

The State overspending reached VND248,728 billion, equal to 5.52% of the GDP. The overspending was financed by domestic loans with VND197,165 billion and foreign loans with VND51,563 billion.

By Thuy Dung