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State budget collection reaches 4.3 billion USD in January

State budget collection was estimated to hit 97.4 trillion VND (4.3 billion USD) in the first month of 2017, accounting for 8 percent of the estimates, according to the Ministry of Finance (MoF).
State budget collection reaches 4.3 billion USD in January ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – State budget collection was estimated to hit 97.4trillion VND (4.3 billion USD) in the first month of 2017, accounting for 8 percent of the estimates, accordingto the Ministry of Finance (MoF).

Of thesum, domestic tax collection was 87.9 trillion VND (3.8 billion USD) whilebudget revenues from crude oil and import-export activities were 2.3 trillionVND (101.5 million USD) and 19.2 trillion VND (847.4 million USD),respectively.

Meanwhile, budget spending was 87.25 trillion VND (3.8 billion USD) in the reviewedperiod, or 6.3 percent of the estimates for the year.

According to the ministry, the first month’s expenses were mainly to meet theneeds of socio-economic development, defence, security, State management andovercoming the consequences of natural disasters.

The progress of investment development spending in general and constructioninvestment spending in particular remained low, the ministry said, adding thatspending in January was mainly used as investment capital for last year’sprojects.-VNA

VNA
#State budget#tax collection
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