Tax payment information in Hue city of Thua Thien-Hue (Illustrative image. Photo: VNA)Hanoi (VNA) – Nearly 518 trillion VND (22.23 billion USD) was collected towardsthe state budget in this year’s first four months, completing 36.7 percent ofthe yearly target and representing a year-on-year rise of 13.9 percent,reported the Ministry of Finance.
Accordingto the ministry, state budget collection in April was estimated to reach 133.9trillion VND.
Domestic revenue reached 111.6 trillion VND, pushing the four-month figure to 424.96trillion VND, up 14 percent year-on-year.
Collectionfrom crude oil was 4.7 trillion VND last month, raising the total amountcollected in four months to 18.29 trillion VND, equivalent to 41 percent of theyearly target.
Besides,collection from import-export activities was estimated to reach 17.2 trillionVND in April and 73.9 trillion VND in four-month period.
According to the ministry, high growth has been recorded in several sectors sofar this year. Firms’ tax payments saw positive signs in almost all economicsectors in the first four months of 2019.
Themajority of localities – 52 out of 63 – reported their domestic collection asreaching set estimates.
State budget spending reached 114.2 trillion VND in April and 429.8 trillionVND in the first four months of this year.
Government bonds worth 82 trillion VND were issued in January-April, ensuring supply forspending and debt payment.
In April,the Government paid about 13.06 trillion VND for debts, including about 11.22trillion VND in domestic debts and about 1.73 trillion of foreign debts. As aresult, in the first four months of this year, about 113.62 trillion VND ofdebt was paid off, about 17.31 trillion of which was for foreign debts.–VNA
VNA
