Completing announcement of estimate 2018 for ministries and sectors

	State budget revenue in January up 5.2% on year
	State budget revenue in January 2018 increased by 5.2%
	Economic growth in 2018 estimated to achieve 6.58%

Ministries and localities have urgently allocated and assigned estimates to agencies using Budget. Photo: Internet.

The Ministry of Planning and Investment has assigned a detailed plan on investment of state budget capital and capital for National target programs in 2018 to ministries, central agencies and localities. On that basis, the ministries, central agencies have urgently allocated and assigned estimates to units using State budget. People's Councils in 63 of 63 provinces and centrally-run cities, have decided on socio-economic tasks and State budget estimates in 2018.

Until the end of January 2018, over 90% of ministries and central agencies have allocated and assigned recurrent expenditure estimates to their subordinate units in accordance with regulations. But only 46% of them have allocated and assigned estimates for capital construction investment to investors. People's Councils in 63 provinces and centrally-run cities have decided on their socio-economic tasks and the State budget estimates for 2018.

As a result, the total State revenue of provinces (excluding revenue managed via State budget) is VND 1,317.1 trillion, an increase of 1.1% (VND 13.9 trillion) compared to the estimate assigned by Prime Minister.

Of which, domestic revenue is to increase by 1.3% (VND 13 trillion), 41of 63 provinces have decided to achieve revenue higher than the assigned estimates; 21 of 63 provinces have decided to achieve revenue equivalent to the assigned estimates; 1of 63 provinces (Khanh Hoa province) has decided to achieve revenue lower than the assigned estimate due to the prediction of the impacts of natural disasters and rainstorms at the end of 2017 to production and business in the province.

Revenue from import and export activities is to increased by 0.3% (VND 881 billion), 9 of 59 provinces have decided to achieve revenue higher than the assigned estimates, 50 of 59 provinces have decided to achieve revenue equivalent to the assigned estimates; and revenue from crude oil is decided to be equal to the assigned estimates.

Total expenditure of local budget (excluding expenditures allocated from targeted additional expenditure by central budget) is VND 789 trillion, an increase of 2.1% (VND 16 trillion) compared to the estimates assigned by the Prime Minister.

Of which, 49 of 63 provinces have estimated expenditures higher than the assigned estimates, 7 of 63 provinces have estimated expenditures equivalent to assigned estimates, and the remaining 7 provinces have estimated expenditures lower than the assigned estimates due to increase of expenditure for original debts (expenditures out of balance).

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According to the the latest statistics from the Ministry of Finance, total State revenue in January 2018 is estimated at VND 114.2 trillion, equivalent to 8.7% of the estimate, an increase of 5.2% compared to the same period in 2017. Of which, domestic revenue is estimated at VND 95.5 trillion, equivalent to 8.7% of the estimate, equivalent to 98.6% compared to the same period in 2017; revenue from crude oil is estimated at VND 4.1 trillion, equivalent to 11.4% of the estimate, an increase of 48.6% compared to the same period in 2017; revenue from import and export activities is estimated at VND 22.5 trillion, equivalent to 8% of the estimate, an increase of 9.6% compared to the same period in 2017.