HCMC – State budget revenue in the year to end-November had declined by 7.1% over the same period last year, according to the Ministry of Finance.
The total State budget revenue in the January-November period amounted to nearly VND1.54 quadrillion, equivalent to 94.9% of the 2023 estimate.
The central Government achieved around 96.3% of its projected budget, while local budget revenues met 93.2% of their projections.
Revenue from domestic sources reached over VND1.27 quadrillion, equivalent to 95.4% of the estimate and dropping by 3% year-on-year.
Despite the State budget revenue decline, the accumulated budget expenditure between January and November totaled nearly VND1,503 trillion, equivalent to 72.4% of the estimate and increasing by 10.9% year-on-year.
Of the total budget spending, development investment amounted to an estimated VND461 trillion, up 36.4% year-on-year, while regular spending was VND953 trillion, inching up 2.5%.
Debt payments were estimated to be around VND86.4 trillion, showing a 3.4% increase compared to the same period last year.
