State budget collection up by 17% from last year

Saturday, Sep 06, 2014 11:25

The State budget collection sees an increase of 17 per cent compared with the same period last year. — Photo

HA NOI (Biz Hub) — State budget collections reached an estimated VND576 trillion (US$27.1 billion) in the first eight months, completing 73.7 per cent of the year's budget forecast.

The figure increased by 17 per cent compared to the same period last year, according to a report by the Ministry of Finance.

Budget expenditure in the first eight months was estimated at VND681 trillion ($32 billion), or 67.7 per cent of the annual forecast, a year-on-year increase of 11.9 per cent.— VNS

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