Total revenue collection estimated to reach VND1,307.4 billion

Total state budget expenditure from the beginning of the year to December 15, 2020 is estimated at VND1,432.5 billion, equaling 82% of current appropriation. Source: Internet

Thanks to the strict control of the Covid-19 pandemic, sectors of the economy have gradually improved, so state budget revenue in the first 15 days of December 2020 increased by more than VND9,200 billion compared to the same period last month.

Besides that, State budget expenditures have promptly and fully met socio-economic development tasks, especially supporting people facing difficulties caused by the Covid-19 pandemic, overcoming consequences of natural disasters and floods.

In particular, domestic revenue reached VND1,101.6 billion, equaling 87.1%; revenue collected from crude oil was VND32.7 billion, equaling 92.9%. Collection for balancing revenue from import and export activities was VND172.3 billion, equaling 82.8%.

Total state budget expenditure from the beginning of the year to December 15, 2020 is estimated at VND1,432.5 billion, equaling 82% of current appropriation. In particular, recurrent expenditure is VND966.7 billion, equaling 91.5%; spending for investment and development is VND356 billion, equaling 75.7%; interest payment is VND98.8 billion, equaling 83.6%.