State budget collection reaches 83.4% of estimate

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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./.



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