State budget deficit estimated at 60tr dong as of mid-Jun

The total state budget revenues from early this year till June 15 has been estimated at 316.8 trillion dong, equalling to 42.8 percent of the year’s estimate, of which, local collection constituted 203.2 trillion dong, or 41.1 percent of the year’s estimate, collection from crude oil at 52.3 trillion dong, or 60.1 percent of the year’s estimate and collection from export and import activities balance at 58.9 trillion dong, or 38.3 percent of the years estimate, General Statistical Office (GSO) reported.

Of local collection, revenues from state-owned enterprises (SOEs) contributed 71.1 trillion dong, or 45.8 percent of the year’s estimate and collection from foreign-invested enterprises (FIEs-excluding crude oil) at 36.2 trillion dong, or 37.1 percent.

Collection from taxes on trade and non-state services reached 41.6 trillion dong, or 37.4 percent, personnel income tax (PIT) made up 23.8 trillion dong, or 51.4 percent, environment protection tax at 5.5 trillion dong, or 4.2 percent and fees at 3.2 trillion dong, or 36.2 percent.

Meanwhile, the total state budget expenditures from early this year till June 15 were estimated at 376.8 trillion dong, or 41.7 percent of the year’s estimate.

Of which, spending on development investment was 73.6 trillion dong, or 40.9 percent (particularly, spending on basic construction investment was 71.1 trillion dong, or 40.9 percent), spending on socio-economic development, defence, security, state management and unions (including spending on salary reform) was estimated at 255.9 trillion dong, or 42.6 percent and spending on aid and debt repayments at 47.3 trillion dong, or 47.3 percent of the year’s estimate.

Thus, the state budget deficit in the first six months of this year was estimated at 60 trillion dong, equalling to about 42.8 percent of the year’s estimate.

 

Category: Economy