Transaction at State Treasury (Illustrative image. Source: VNA) Hanoi (VNA) – The Finance Ministry reported on November 12that total State budget collection was estimated at 1.12 quadrillion VND in the January-October period, equivalent to 84.9 percent of the yearly estimates,and up 15.1 percent from the same time of 2017.
The figure included over 896 trillion VND sourced from domestic revenues, whichrepresented 81.6 percent of the yearly estimates, and showed a rise of 15.8percent year on year.
Excluding the sum gained from land use, lottery, dividends and post-profit ofState enterprises, and the retrieval of State investment invested in economicorganization and others, the domestic revenues was estimated at 682.2 trillionVND, equaling 78.6 percent of the yearly estimates, and rising by 13 percentfrom the same time of 2017.
During the reviewed period, State budget spending reached 1.103 quadrillionVND, or 72.4 percent of the yearly estimates, and up 9.4 percent from the sametime last year.
As by November 26, Government bonds worth 141.9 trillion VND wereissued.
The ministry said relevant agencies need to double their efforts to manageprices to ensure market stability and combat smuggling and trade frauds.
The agencies need to be proactively monitoring petroleum prices in the worldmarket and drastically implement Party, State and Government instructions andresolutions on the fight against smuggling and trade frauds, it said.
The ministry asked localities and sectors to increase the management ofbudget collection to prevent tax evasion, trade fraud, and transfer pricing sothe State budget collection task for 2018 will be fulfilled.-VNA
The figure included over 896 trillion VND sourced from domestic revenues, whichrepresented 81.6 percent of the yearly estimates, and showed a rise of 15.8percent year on year.
Excluding the sum gained from land use, lottery, dividends and post-profit ofState enterprises, and the retrieval of State investment invested in economicorganization and others, the domestic revenues was estimated at 682.2 trillionVND, equaling 78.6 percent of the yearly estimates, and rising by 13 percentfrom the same time of 2017.
During the reviewed period, State budget spending reached 1.103 quadrillionVND, or 72.4 percent of the yearly estimates, and up 9.4 percent from the sametime last year.
As by November 26, Government bonds worth 141.9 trillion VND wereissued.
The ministry said relevant agencies need to double their efforts to manageprices to ensure market stability and combat smuggling and trade frauds.
The agencies need to be proactively monitoring petroleum prices in the worldmarket and drastically implement Party, State and Government instructions andresolutions on the fight against smuggling and trade frauds, it said.
The ministry asked localities and sectors to increase the management ofbudget collection to prevent tax evasion, trade fraud, and transfer pricing sothe State budget collection task for 2018 will be fulfilled.-VNA
VNA
