Today: 26/01/2021 05:22:29 (GMT+7)
THE CENTRAL AGENCY OF THE COMMUNIST PARTY OF VIETNAM BAC GIANG PROVINCE THE VOICE OF THE PARTY, GOVERNMENT AND PEOPLE OF BAC GIANG PROVINCE

State budget collection tops over VND975 trillion in nine months

State budget collection in the first nine months of this year reached VND975.3 trillion (US$42.4 billion), equivalent to 64.5% of the estimate and representing a drop of 11.5% year-on-year, according to the Ministry of Finance.

Of the total, central budget revenue fulfilled 60.4% of the estimate and local budget revenue, 69.8%.

State budget collection, nine months, central budget revenue, local budget revenue, highest target, revenue management

State budget collection in the first nine months of this year reached VND975.3 trillion, equivalent to 64.5% of the estimate.

The ministry said that the sector deployed measures to achieve the highest target in revenue collection 2020 and strengthened revenue management in the area, prevention of revenue loss, smuggling, trade fraud and transfer pricing, and reduction of tax debts; while focusing on reviewing tax debts of branches and classifying groups of recoverable tax and irrecoverable tax debts.

Meanwhile, the total State budget spending in nine months was over VND1,113 trillion, equivalent to 63.7% of the estimate, rising 8.1% over the same period in 2019. The spending aimed to meet the demand of socio-economic development, defence, security, State management and payment for debts as well as pandemic prevention and natural disaster mitigation.

As of September 24, VND17.49 trillion had been paid to Covid-19 pandemic prevention and control and support to affected people.

In the rest of the year, the ministry will direct the Administration of Taxation to focus on reclaiming tax debts and make information public in line with the Law on Tax Management.

Besides, the ministry will continue assessing the State budget collection in 2020 in accordance to economic growth scenarios, while making reports on State budget spending management for the fourth quarter, and coordinating with relevant agencies to speed up the progress of capital allocation and disbursement.

State budget revenue reaches over VND607 trillion in first half of 2020
The total revenue of the State budget has reached over VND607.1 trillion (over US$26.17 billion) in the first six months of 2020, equivalent to 40.1% of the yearly estimate, according to the General Statistics Office of Vietnam.
 
Public investment from the State budget should focus on disadvantaged areas
The National Assembly (NA)’s Committee for Finance and Budget proposed prioritising public investment sourced from the State budget in the 2021-25 period to disadvantaged areas in the mountainous, border and island localities to shorten development gaps between regions.
 
Customs contributes record to State budget
Vietnam's customs department contributed a record 348 trillion VND (15 billion USD) to the State budget from the collection of import and export taxes in 2019, according to the General Department of Customs.
 
Budget revenue in 2019 exceeds 10 trillion VND mark
(BGO) - In 2019, thanks to strict control of revenue sources and actively handling tax arrears, the State budget collection in Bac Giang province has seen a strong breakthrough. The budget collection result has helped Bac Giang be present in the club of localities with tax revenue of 10 trillion VND (443.7 million USD).
 

Source: NDO/VNA

State budget collection, nine months, central budget revenue, local budget revenue, highest target, revenue management
 
New comment has just been added. Click here
Sort:NewBest News