BAC GIANG - In 2023, Bac Giang City targets to collect more than 2.6 trillion VND (110.8 million USD) of state budget (higher than the figure in 2022). But as of the end of August, the revenue only reached 63 percent which was not guaranteed as the divergence and lower than the same period last year. Many solutions have been implemented by Bac Giang City to complete the plan.
Many revenues decreased
For the past 8 months, the total budget revenue of Bac Giang city has hit over 1.66 trillion VND, reaching 63 percent of the yearly estimate and equal to 70 percent compared to the same period last year. The budget revenue other than land use fees reached 91 percent, up 28 percent year on year.
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The concrete bricks are produced in Thanh Loc Bac Giang Company Limited. |
The state budget collection in the city has faced many difficulties. Total revenue does not ensure the divergence progress due to low achievement of 3 revenue targets: Land use fee collection reached 50 percent of the yearly estimate; registration fee collection reached 49 percent and personal income tax reached 68 percent.
The reason was due to the increase in the number of enterprises and business households who requested to extend value added tax and many organizations asking for land leasing extension.
The real estate market was stagnant while the transactions were quiet which directly affected the collection of land use fee from auctions and indirectly caused impacts on registration fee revenue and personal income tax from real estate transfer.
Joining hands to increase revenue sources
Of the total budget revenue of more than 2.6 trillion VND in 2023 plan, Bac Giang City strives to collect 1.8 trillion VND from land use fees and the remaining amounts coming from taxes, fees and other revenues. To achieve this number, the city must implement many solutions.
Facing difficulties in budget collection, Bac Giang City has directed relevant departments and units to coordinate closely and deploy many solutions. Local authority also reviews works and projects using both budget and non-budget capital that are eligible to carry out budget collection.
According to the municipal Finance and Planning Department, divisions have accelerated the progress of site clearance for residential areas and urban areas; construction of infrastructure at locations where clean ground is available to hold auctions of land use rights.
Besides, relevant divisions and agencies are urged to speed up verifying documents and programme to compensate and support the resettlement when receiving all valid documents according to regulations.
Along with budget revenue from land use fees, Bac Giang City has directed the Bac Giang - Yen Dung Regional Tax Division to implement solutions to collect taxes, fees and other revenues.
Tran Ngoc Hieu, Director of the Bac Giang - Yen Dung Regional Tax Division said: "The division directs the teams to continue closely monitoring and strictly managing the revenue sources; promote the fight against loss of revenue in the field of real estate business and e-commerce business. Besides, they synchronously implement debt recovery and tax debt enforcement measures as well as promote the collection of tax debt, land use fees and land lease to ensure the total amount of tax debt that can be collected by December 31, 2023 is less than 5 percent of the total budget revenue in the area”.
To fulfill the target of state budget collection recently, the Bac Giang municipal People's Committee has launched a 150-day and night peak emulation period.
The Chairman of the City People's Committee Dang Dinh Hoan said the City requires departments and units to promote administrative reform, synchronous and comprehensive digital transformation in associated with improving the investment and business environment, assisting and creating best conditions for enterprises toward stable development.
The competent forces must speed up the disbursement of public investment capital, ensure economical and effective use of capital to improve the quality of construction investment, improve infrastructure, create motivation for socio-economic growth and generate revenue budget.
