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Monday, May 16, 2022

Budget collection in Jan meets 13% of full-year target

By Van Phong

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HCMC – The State budget collection in January reached VND183.5 trillion, meeting 13% of the entire year’s target and falling 3.2% year-on-year, according to the Ministry of Finance.

Of the total, domestic revenue was VND151.3 trillion, meeting 12.9% of the expected full-year amount and falling 8% compared with the same period last year.

Budget collection from State owned enterprises was estimated at VND17.2 trillion, equivalent to 11.1% of the full-year plan. Meanwhile, collection from foreign invested companies reached VND30.6 trillion, meeting 14.9% of the yearly plan.

VND15 trillion from personal income tax was obtained, or 12.7% of the annual plan and VND4.6 trillion from environmental protection tax.

Budget revenue from crude oil reached VND3.9 trillion, meeting 13.8% of the 2022 target and soaring 45% year-on-year. Revenue from imports and exports was estimated at VND28.3 trillion, meeting 14.2% of the 2022 target and soaring 31.5% year-on-year.

On the other hand,  the budget spending totaled VND113.9 trillion in January, equivalent to 6.4% of the full-year plan. The money was mainly spent on socioeconomic development, national defense, security and State management.

Regular expenditure reached VND85.3 trillion, or 7.7% of the plan. Spending on development investment was VND12.9 trillion, meeting 2.5% of the plan.  The country also spent VND15.6 trillion on loan interest payment, meeting 15% of the plan.

VND23,080 billion worth of Government bonds with an average term of 15.81 years and an average annual coupon of 2.36% were issued last month.

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