State budget collection tops nearly 9.57 billion USD in first two months

The Hanoi branch of the State Treasury of Vietnam (Photo: VNA)

Hanoi (VNA) –State budget collection was estimated at 220.5 trillion VND (nearly 9.57billion USD) in the first two months, equivalent to 16.4 percent of the year’sestimate, according to the General Statistics Office.

Collection fromdomestic revenue reached 194.1 trillion VND, or 17.1 percent of the estimate,while that from crude oil 3.2 trillion VND, equivalent to 13.8 percent.

Budget balance stoodat 22.7 trillion VND in the period, hitting 12.7 percent of the estimate.

Collection fromState-owned enterprises was 23.3 trillion VND, or 15.7 percent of the estimate,while 41 trillion VND came from the private sector, excluding crude oil firms.

Collection from industrialand trade charges and services fees contributed 55.2 trillion VND, or 23.2percent of the estimate.

Meanwhile, budgetexpenditure was estimated at 148.4 trillion VND in the two months, equivalentto 8.8 percent of the year’s estimate. Of the figure, regular spending valuedat 103 trillion VND while investment at nearly 27 trillion VND.

More than 1.48quadrillion VND was collected for the State budget in 2020, or 98 percent ofthe target, according to the Ministry of Finance./.

VNA