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The state budget spends VND228.2 trillion

By Hoai Anh/ Ngoc Loan

By Hoai Anh/ Ngoc Loan

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18:50 | 06/03/2022 Finance Follow english.haiquanonline.com.vn on
VCN – The State budget expenditure in the first two months of the year is estimated at VND228.2 trillion, of which development investment expenditure is about VND44.6 trillion, increasing 89.9% year-on-year but only meeting 8.5% of the estimate set by the National Assembly, the Ministry of Finance said.
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The state budget spends VND228.2 trillion

Disbursement of development investment capital only meets 8.5% of the estimate set by the National Assembly. Photo: Thuy Linh

According to data from the Ministry of Finance, state budget expenditure in the first two months of the year is expected to increase by 10.5% year-on-year to VND228.2 trillion, meeting 12.8% of the estimate.

The development investment expenditure is estimated at VND44.6 trillion as in the first two months of the year, ministries, government agencies and localities focused on implementing the allocation of assigned capital plans, and the long Tet holiday, affecting the implementation and disbursement of investment capital.

The interest payment is estimated to decrease by 4.3% to VND20.3 trillion or 19.6% of the estimate. The recurrent expenditure is estimated to rise 0.9% year-on-year to VND163.3 trillion or 14.7% of the estimate.

The public spending in the first two months of the year is consistent with the estimate, meeting the needs of socio-economic development, national defense, security and state management, paying debts and spending for the Covid-19 prevention and control, social security, and creating favorable conditions for people to enjoy the Lunar New Year.

The central budget has spent VND767 billion from the provision in 2022 to localities for Covid-19 prevention and control, supporting people affected by the pandemic and providing plant varieties, livestock and fishery products to restore production in areas damaged by natural disasters and disease.

The ministry distributed 21,480 tons of rice from the national reserve to overcome the consequences of natural disasters, and reserve to people during the Lunar New Year and the first harvest of the year.

The balance between the central budget and local budgets is performed in an effective manner. From January to February, the Ministry issued VND32.46 trillion of Government bonds with an average term of 16.17 years and an average interest rate of 2.39% per year, the Ministry said.

By Hoai Anh/ Ngoc Loan
Tags:
state budget National Assembly Ministry of Finance estimate

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