State budget revenue in January up 5.2 percent on year
Updated : Tuesday, February 13, 2018 8:47 AM (GMT+0700)

Totalrevenue of the State budget in January was estimated at 114.2 trillion VND (5billion USD), equivalent to 8.7 percent of the year’s estimate and up 5.2percent from the same period last year, according to the Finance Ministry.  

Tax payers register at Dan Phuong district's Department of Taxation in Hanoi -
Photo: VNA

Domestic revenue, estimatedat 95.5 trillion VND, reduced from the same period last year. The figure wasequal to 98.6 percent of the revenue in January 2017, but equivalent to 8.7percent of estimate.  

Meanwhile, revenue fromcrude oil surged 48.6 percent year on year, reaching around 4.1 trillion VNDand accounting for 11.4 percent of estimate. The Finance Ministry attributedthe increase to high world price, with Vietnam’s oil fetching an estimated 66USD per barrel, 16 USD higher than expected price and 7.4 USD higher than theprice in the same period last year. 

Revenue from foreign tradewas estimated at 22.5 trillion VND, up 9.6 percent on year. 

In the same period, Statebudget spending was estimated at 91.5 trillion VND, equal to 6 percent ofestimate. Debt payment accounted for 15.5 percent. 

Government bonds worth morethan 16.5 trillion VND were issued in January, ensuring money supply forspending and debt payment.


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