HCMC – Vietnam’s state budget revenue in the first nine months of this year is estimated at nearly VND1.9 quadrillion, reaching 96% of the full-year target and rising nearly 28% year-on-year, according to the Ministry of Finance.
Domestic revenue accounted for 96.9% of the annual plan. Revenue from crude oil stood at 69.9% of the target, down 15.6% from the same period last year. Import-export related collections reached 98.8% of the target, up 11.9% year-on-year, the Vietnam News Agency reported.
On the spending side, state budget expenditure amounted to an estimated VND1.6 quadrillion, or 61.7% of the full-year plan. Of this, development investment made up 53.7%, interest payments 68.4%, and recurrent spending 68.1%.
The ministry said budget spending has met requirements for development, defense, security, state management, debt servicing, salaries, pensions, and social benefits. Funds have also been disbursed in line with restructuring needs and policy implementation.
In addition, the central budget allocated nearly VND25.9 trillion from reserves. Of this, VND19.8 trillion was provided to ministries and central agencies for urgent tasks, while VND6.1 trillion was channeled to localities to support administrative restructuring, crop and livestock recovery, aquaculture, and production restoration in areas hit by natural disasters and epidemics.
