State budget collects VNĐ400 trillion in four months

Update: May, 10/2017 - 17:30
Budget collection reached nearly VNĐ400 trillion in the first four months. - Photo
Viet Nam News

HÀ NỘI — Nearly VNĐ396.5 trillion (US$17.6 billion) was collected for the State budget in the first four months of this year.

The figure represented a rise of 17.8 per cent over the same period last year, statistics of the Ministry of Finance showed.

Collected budget in the January-April period was equivalent to 32 per cent of the estimate for the full year.

From the beginning of this year, tax and customs agencies hastened collection of tax arrears, enhanced prevention of tax invasions and quickened administrative reforms to create favourable conditions for businesses and taxpayers.

According to statistics, inspection of nearly 13,900 enterprises in the four-month period helped collect an additional amount of more than VNĐ5 trillion.

The customs watchdog was also hastening evaluation of the impact of participation in free trade agreements on budget collection as part of its effort to prepare policies.

Spending up by 9.8 per cent

Budget spending in the first four months of this year totalled VNĐ393.4 trillion, or 28.3 per cent of the estimated figure for the full year, up 9.8 per cent over the same period last year.

The finance ministry said budget expenditure in the period was in accordance with the estimate as well as the implementation progress of State-capital sourced projects and social and national security. — VNS