January 2018: State budget revenue reached VND114.2 trillion

A source from the Ministry of Finance on February 12th informed that domestic revenue was estimated at VND95.5 trillion, accounted for 8.7% of the year’s estimate, and 98.6% of the same period last year. In which, crude oil contributed around VND4.1 trillion, surged 48.6% year-on-year, and accounting for 11.4% of estimate. In the same period, State budget spending was estimated at VND 91.5 trillion, equal to 6% of estimate, mainly to ensure socio-economic development, national defense, public security, State management, social security (80%), and pay back debts (15%). Photo for illustration Notably, Government bonds worth more than VND16.555 trillion were issued in this month, ensuring money supply for spending and debt payment. The value of import-export activities was VND22.5 trillion, an increase of 9.6% year-on-year and equaling 8% of estimate. To meet increased demand from people as the traditional new year of the Dog is coming very soon, the Government issued Directive 48/CT-TTg dated December 27th, 2017 ordering relevant agencies to enhance management to stabilize the prices of essential goods and to ensure social security during Tet festival. The Finance Minister also released Directive 04/CT-BTC on December 22nd, 2017 to stabilize the prices of essential goods. Recently, the Ministry on January 15th set up three delegations for carrying out inspections in the Northern, Central and Southern regions, including the localities of Son La, Dien Bien, Lai Chau, Binh Dinh, Gia Lai, Kon Tum, Ho Chi Minh city, Hau Giang, Bac Lieu, and Soc Trang. It also joined inter-disciplinary delegations with the… [Read full story]


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