State revenue rises by 10.8% in first two months

	State revenue reaches 13% of estimate in the first month of 2022
	State revenue earns VND1,523.4 trillion in 2021
	Regulations on management of state revenues via State Treasury will be revised

State collects VND323.8 trillion in the first 2 months or 22.9% of the year’s estimate. Photo: Thuy Linh

Total state budget revenue in February 2022 is estimated at VND138.5 trillion, bringing the total State revenue in the first two months to VND323.8 trillion or 22.9% of the year’s estimate and rising by 10.8% year-on-year.

Some main revenues such as domestic revenue in February 2022 are estimated at VND114.6 trillion. Thus, the domestic revenue in the first two months rose 7.6% year-on-year to VND270.8 trillion.

Revenue from crude oil in February 2022 is estimated at VND4,900 billion, bringing this revenue in the first two months to VND8,060 billion, equaling 28.6% of the yearly estimate and rising by 57.2% year-on-year.

Revenue from import and export activities in February 2022 is estimated at VND19 trillion. Accordingly, this revenue in the first two months saw a year-on-year increase of 29.4% to VND8.060 trillion.

The State in February 2022 spent VND106.3 trillion, bringing the State expenditures in the first two months to VND228.2 trillion or 12.8% of the year estimate and increasing by 10.5% over the same period last year.

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Of which, recurrent spending and investment and development spending are estimated to rise 0.9% to VND163.3 trillion and 89.9% to VND44.6 trillion, respectively. Meanwhile, the spending for debt interest payments decreased 4.3% to VND20.3 trillion.