State budget revenue reaches 54 per cent of yearly target: MoF
The state budget revenue stood at 875.8 trillion VND (37 billion USD) in the first half of 2023, equivalent to 54 per cent of this year’s target.
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| State budget revenue reaches 54 per cent of yearly target. (Photo: MOF) |
The taxes, fees, charges, and land rent entitled to exemption, reduction, and payment deadline extension were valued at about 70.3 trillion VND.
Meanwhile, about 804.6 trillion VND from the state budget was spent during the period, equivalent to 38.8 per cent of the year’s target. In particular, spending on development investment increased from a year earlier, reaching 30.49 per cent of the disbursement target set by the Prime Minister, compared to 27.75 per cent in the same period last year, statistics show.
uring H1, financial and state budgetary tasks were carried out amid the context that the economy had to concurrently address post-pandemic issues and deal with numerous new difficulties and challenges posed by the international and domestic situations, the MoF told an online conference on July 13.
Adverse factors impacted the performance of socio-economic development and budgetary tasks, it said, noting that businesses had to struggle with difficulties, including shrunken markets, a shortage of orders, limited credit access, soaring capital costs, and lower-than-expected economic growth.
However, thanks to the entire political system’s engagement, the financial sector has fully carried out financial and budgetary solutions since the start of 2023. It proactively governed the fiscal policy to support socio-economic recovery and development, made strong moves to ensure budget collection, kept the overspending and public debts within the permissible levels, controlled prices, and the market, and enhanced financial discipline, the MoF went on.
It also proposed the National Assembly, the Government, and the Prime Minister issue policies on the exemption, reduction, and extension of payment deadlines of taxes, fees, charges, and land rent worth about 200 trillion VND for 2023.
The ministry also suggested solutions to bottlenecks facing public investment disbursement and national target programs.
(Source: Vietnamplus)
