HCM City state budget collection surpases goal

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HCM City's state budget collection for the first four months of the year amounted to VND98,146.8 billion (US$4.51 billion), increasing by 9.63 per cent year-on-year.

The collection haul satisifed 36.93 per cent of the city's yearly target, according to the City's Finance Department. — Illustrative image/ Photo fica

HCM CITY (Biz Hub) — HCM City's state budget collection for the first four months of the year amounted to VND98,146.8 billion (US$4.51 billion), increasing by 9.63 per cent year-on-year.

The collection haul satisifed 36.93 per cent of the city's yearly target, according to the City's Finance Department.

Domestic collection amounted to VND57,946.8 billion ($2.66 billion), collection from crude oil was VND8,700 billion ($400.2 million), and collection from import - export activities was VND31,500 billion ($1.44 billion).

The city's budgetary expenses for the first four months was VND11,716 ($539 million). — VNS

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