11-month state budget revenue up 16.1%, exceeds target
The state budget revenue topped 1.8 quadrillion VND (71 billion USD) in the first 11 months of this year, equivalent to 106.3% of this year's target and up 16.1% from the same period in 2023, the Ministry of Finance reported on December 4.
The 11-month state budget revenue is 6.3% higher than this year's target. (Photo: VNA)
Hanoi (VNA) – The state budget revenue topped 1.8 quadrillion VND (71 billion USD) in the first 11 months of this year, equivalent to 106.3% of this year's target and up 16.1% from the same period in 2023, the Ministry of Finance reported on December 4.
Breaking down the number, revenue contributions to the central budget reached approximately 110.1% while local budget collection stood at around 102.5% of the respective targets.
On the expenditure side, the state budget used 73.6% of its spending target for 2024, which represents a 4.7% increase from a year earlier.
A portion of this expenditure came from the 2024 contingency fund, amounting to 24.7 trillion VND. It was directed toward critical national defence and security tasks, support for localities with urgent missions, epidemic prevention and control, and production restoration following natural disasters and epidemics.
In addition to financial support, the ministry allocated 16,780 tonnes of rice from the national reserves to help localities recover from natural disasters.
🎀 With the year drawing to a close, Finance Minister Nguyen Van Thang has urged agencies and units to strive for the highest possible revenue collection, thus meeting the expectations of Party and State leaders./.
Prime Minister Pham Minh Chinh has signed an official dispatch, urging the acceleration of state budget collection, particularly from land-related sources, in the final month of 2024, aiming to achieve the highest possible state budget revenue, laying a strong foundation for successfully implementing socio-economic tasks for 2025 and the 2026-2030 period.
The National Assembly passed a resolution on state budget allocation plan for 2025 with all 432 deputies present at the November 13 afternoon sitting voting in favour.
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