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January State budget revenue reaches US$4.3 billion

Update: February, 08/2017 - 02:00
State budget revenue in January was estimated at VNĐ97.4 trillion (US$4.3 billion). — VNA/VNS Photo Hoàng Hùng
Viet Nam News

HÀ NỘI — State budget revenue in January was estimated at VNĐ97.4 trillion (US$4.3 billion), the Ministry of Finance said.

The amount accounted for 8 per cent of the year’s estimates.

Of the amount, VNĐ87.9 trillion came from domestic tax collections, up 4 per cent year-on-year and representing 8.7 per cent of yearly plan, according to data from the ministry.

However, the ministry said budget revenue from crude oil fell by 25 per cent year-on-year to reach VNĐ2.3 trillion in January.

Budget revenue from import and export activities reached VNĐ19.2 trillion, equivalent to 6.7 per cent of annual target.

Meanwhile, expenditure revenue in January reached VNĐ87.25 trillion, or 6.3 per cent of the year’s estimates, the ministry said, adding that the first month’s expenses were mainly to meet the needs of socio-economic development, defence, security, State management and overcoming the consequences of natural disasters.

The progress of investment development spending in general and construction investment spending in particular remained low, the ministry said, adding that spending in January was mainly used as investment capital for 2016’s projects. — VNS 

 

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