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Saturday, June 22, 2024

State budget revenue in Jan-Nov drops over 7%

By Nguyen Tan

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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.

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