Budget collection up over 15 percent in five months

ABO/NDO– State budget collection was estimated to reach VND98.6 trillion in May, pushing total revenue in the first five months of 2021 to VND667.9 trillion (nearly US$29 billion), equivalent to 49.7 percent of the yearly estimate, up 15.2 percent year on year, the Ministry of Finance has reported.

Illustrative image (Source: VNA).

Of the amount, contributions to the central budget totalled VND347 trillion, fulfilling 46.9 percent of the yearly target, while local budget revenue was VND320.9 trillion, equivalent to 53.1 percent of the estimate.

Meanwhile, State budget spending was VND125.8 trillion in May and VND581.6 trillion in the first five months, equivalent to 34.5 percent of yearly estimate, similar to that in the same period last year, according to the ministry.

Spending on development and investment was at VND102 trillion, representing 21.4 percent of the estimate, including VND47.8 trillion for debt payment and VND430.8 trillion for regular expenditure.

(Source: NDO)