(13th Congress) – State budget collection in February 2021 reached an estimated 97.2 trillion VND, bringing the figure for the first two months of the year to 286.7 trillion VND, equivalent to 21.3% of the annual estimate or a year-on-year rise of 0.6%, the Ministry of Finance reported on March 8.
Photo for illustration. (Source: CPV)
Of this, domestic collection posted 246.65 trillion VND in the two months, reaching 21.8% of the estimate and marking a year-on-year rise of 2.8%.
During the period, management agencies inspected and conducted examination of 16,500 tax declaration dossiers of enterprises.
After conducting 3,400 inspections and checking 16,500 corporate tax filings, tax agencies proposed 3.4 trillion VND in fines be imposed, including 780 billion VND for the State budget. Some 345 billion VND has been collected, together with 5.1 trillion VND in tax debts.
The Ministry of Finance said that the balance of central budget and local budgets is guaranteed. In the first 2 months, the Ministry of Finance issued 27 trillion VND of government bonds, with an average term of 14.58 years, the remaining plan is 8.51 years and the average interest rate is 2.34% a year.
State budget expenditure reached 207.3 trillion VND in the first two months, or 12.3% of the estimate and down 6% year-on-year.
Specifically, spending for investment and development reached 23.49 trillion VND, as much as 4.9% of the estimate, down 32.4%./.
BTA