53 out of the country''s 63 provinces and centrally-run cities have seen an increase in budget revenue compared to the January – February period in 2023.
State budget collection from export-import activities reached VND56.3 trillion (US$2.37 billion) in the first two months of 2023, or 13.3 per cent of the year’s plan, down 19.4 per cent year-on-year, according to data from the General Department of Customs.
However, this year, there are still many challenges in implementing targets for the State budget. Minister of Finance Ho Duc Phoc spoke to Vietnam News Agency about these issues.
The State budget collection in 2022 is expected to reach over VND1.41 quadrillion (US$61.7 billion), according to a report on State budget estimates for 2022 made public by the Ministry of Finance.
Total State budget collection was estimated at VND214.2 trillion (US$9.31 billion) in the first two months of this year, or 14.2 per cent of the yearly estimate, reported the General Statistics Office on February 29.
Total State budget collection from the beginning of the year till November 15 was estimated at VND1.16 quadrillion (US$49.57 billion), a year-on-year increase of 16.1 per cent.
The Ha Noi State Treasury set a target to collect VND1.3 trillion (US$55.5 miilion) per day, said Dao Thai Phuc, director of the Ha Noi State Treasury, at a meeting last Saturday.
For the first time, domestic tax collection hit the VND1 quadrillion (US$43.9 billion) milestone this year, according to statistics of the General Department of Taxation.
Toital State budget collection in the eight months sp far this year has been about VND762.8 trillion (US$33.4 billion), an increase of 12.8 per cent over the same period last year.
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.
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.