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Budget collection outstrips target in first eight months (07/9)

07/09/2015 - 16 Lượt xem

As of late August, domestic collection made up 71.9% of forecast and represented a year-on-year growth of 16.5

The MoF attributed the increases to adjustments to tax policies for minerals and petrol environmental protection charges.  

Statistics showed that tax collection from crude oil reduced by VND 0.8 trillion month-on-month. Total tax gathered from crude oil met 76.2% of the year target due to sharp price declines in the global market.  

In January-August, total budget spending was equivalent to 63.9% of forecast of which development investment was VND 110.9 trillion; debt payment VND 104.55 trillion; the state apparatus including administrative systems, and national defence VND 511.65 trillion. Budget deficit accounted for approximately 51% of estimates./.

Source: Chinhphu.vn