Sunday, May 26 2019

VietNamNews

State budget revenue in January to April period up 13.9 per cent

Update: May, 08/2019 - 15:17

 

January - April budget revenue was up nearly 14 per cent, running a surplus. — Photo vneconomy.vn

HÀ NỘI – State budget revenue in the January-April period was estimated at VNĐ517.8 trillion (US$22 billion), equivalent to 36.7 per cent of the Government’s planned figure for the year and up 13.9 per cent over the same period last year, according to the latest report from the Ministry of Finance.

Domestic revenue totalled VNĐ424.96 trillion, or 36.2 per cent of the year’s plan.

Revenue from crude oil was estimated at VNĐ18.3 trillion, a drop of 2.2 per cent over the same period last year with oil prices averaging $65 per barrel, down more than five per cent.

Revenue from imports and exports totalled VNĐ73.9 trillion, up 17.3 per cent.

The Ministry of Finance said positive economic development from the end of 2018 helped businesses maintain their growth momentum, thus increasing tax collection.

The ministry’s statistics showed that budget spending in the first four months of the year totalled VNĐ429.8 trillion, equivalent to 26.3 per cent of the plan for the year, up 4.4 per cent over the same period last year.

Spending for investment and development was estimated at VNĐ68.5 trillion.

From January to April, a total of VNĐ82 trillion worth of Government bonds were issued with maturity terms averaging 12.51 years at a rate of 4.92 per cent per year. – VNS

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