Total state budget balance revenue implemented from the beginning of 2020 reached an estimated VND108.94 trillion. The revenue in the 11 months of the year is estimated at over VND1.26 trillion, 84.3% of estimate or a year-on-year decrease of 7.8%, reported Vietnam News Agency.
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The figure represented 83.4% of the annual estimate, with central and local budget collections at 77.4% and 91.1%, respectively, the ministry said.
Domestic collections were down 4% against the same period last year, to nearly 1.08 quadrillion VND, or 84.4% of the annual plan.
Revenue from crude oil totaled 31.5 trillion VND, a sharp decline of 38.9% against a year earlier and equivalent to 89.5% of the plan.
Revenue from imports and exports plunged 19.6% year-on-year to 161.5 trillion VND, or 77.6% of the plan.
State budget expenditure, meanwhile, rose 8.5% to close to 1.37 quadrillion VND, equivalent to 78.4% of the annual plan.
The ministry said that about 17.9 trillion VND has been spent from the State budget to cover COVID-19 response and financially support businesses and people affected./.
BTA