Budget deficit at 8.38tr dong in H1
25-JUL-2008 Intellasia | Lao Dong
Jul 25, 2008 - 7:00:00 AM
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The finance ministry on Tuesday reported that the budget overspending was estimated at 8.38 trillion dong during the first six months of 2008, in which the state's tax collection reached 49.5% of the year's target while the total spending accounted for 42.2%.
Notably, the spending on investment and development only reached 39.1% of the whole year's plan while that of social and economic development made up 44.6%.
Vietnam had to borrow 6.670 trillion dong from domestic loans and 1.71 trillion dong as foreign loans to compensate for the budget overspending.
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