State budget revenue in Jan-Sep falls 11.5%

11:31' PM - Wednesday, 14/10/2020

The State budget revenue from January to September 2020 reached VND975.3 trillion, meeting 64.5% of this year’s target and falling by 11.5% compared with the same period last year, according to the Ministry of Finance.

Of the figure, domestic revenue was VND812.4 trillion, meeting 64.3% of the year’s target and declining by 8.3% year-on-year. The figure was the lowest in recent years.

The Vietnam General Department of Taxation said the drop in the State budget revenue was a result of the economic impact of the Covid-19 pandemic and the Government’s rescue and stimulus policies.

The country earned VND134.55 trillion from imports and exports between January and September, meeting 64.7% of the year's target and down 20% year-on-year.

Revenue from crude oil reached VND27.5 trillion, meeting 78.2% of the year’s estimate and down 40% compared with the same period last year.

The state spending in nine months was over VND1.1 quadrillion, rising by 8.1% year-on-year. The Government spent VND17.49 trillion on Covid-19 fight and rescue packages.

The budget disbursement for new developments in need of funding reached nearly VND269.2 trillion, meeting 57.2% of the year’s target. The disbursement rates of some ministries and localities were below 30%. - SGT -

Sponsor links (Provided by VIEPortal.net - The web cloud services for enterprises)
Thiết kế web, Thiết kế website, Thiết kế website công ty, Dịch vụ thiết kế website, Dịch vụ thiết kế web tối ưu, Giải pháp portal cổng thông tin, Xây dựng website doanh nghiệp, Dịch vụ web bán hàng trực tuyến, Giải pháp thương mại điện tử, Phần mềm dịch vụ web, Phần mềm quản trị tác nghiệp nội bộ công ty,