State budget revenue in January was estimated at VND97.4 trillion (US$4.3 billion). — VNA/VNS Photo Hoang Hung

State budget revenue in January was estimated at VND97.4 trillion (US$4.3 billion), the Ministry of Finance said.

The amount accounted for 8 per cent of the year’s estimates.

Of the amount, VND87.9 trillion came from domestic tax collections, up 4 per cent year-on-year and representing 8.7 per cent of yearly plan, according to data from the ministry.

However, the ministry said budget revenue from crude oil fell by 25 per cent year-on-year to reach VND2.3 trillion in January.

Budget revenue from import and export activities reached VND19.2 trillion, equivalent to 6.7 per cent of annual target.

Meanwhile, expenditure revenue in January reached VND87.25 trillion, or 6.3 per cent of the year’s estimates, the ministry said, adding that the first month’s expenses were mainly to meet the needs of socio-economic development, defence, security, State management and overcoming the consequences of natural disasters.

The progress of investment development spending in general and construction investment spending in particular remained low, the ministry said, adding that spending in January was mainly used as investment capital for 2016’s projects. — VNS