Photo for illustration

Of the total, 959.2 trillion VND was domestic collection, accounting for 75.9 % of the estimate and falling 6.8% against the same period last year. Meanwhile, 29.65 trillion VND came from crude oil, or 84.2% of the estimate and down 37.2% year-on-year.

Expenditure in the first ten months stood at more than 1.26 quadrillion VND, equivalent to 72.1% of the estimate and up 9.7% from the same period last year.

As of October 26, some 17.77 trillion VND had been set aside for the prevention of COVID-19 and support for people hit hard by the outbreak.

Some 3.17 trillion VND was spent on recovering from the consequences of natural disasters and the African swine fever outbreak, while 500 billion VND was used to support five flood-hit provinces in the central region.

The ministry said State budget collection faced difficulties this year due to the pandemic and climate change.

By the end of October, the country saw 35 out of 63 localities collecting domestic revenues in accordance with the estimated progress (reaching over 83%), and higher than the national average. However, many localities, including key localities, have low domestic revenue progress, including Hanoi, reaching 70.1% of the estimate, Ho Chi Minh City 64.8%, and Vinh Phuc 60.8%./.

BTA