Return to News Categories

Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Vietnam : Balance of state budget in 5 months of bumper year

Jun 12, 2019 (Euclid Infotech Ltd via COMTEX) --

With the positive development of the economy from the end of 2018 until now, the production and business activities of some industries in the first months of the year still maintained a high growth rate over the same period, inflation was controlled, Export turnover is quite good. This situation has a positive impact on state budget revenue and expenditure activities in the first 5 months of 2019.

State budget revenue balance in May is estimated at VND 110.2 trillion. The 5-month accumulation reached VND 628.1 trillion, equaling 44.5% of the estimate, up 12.9% over the same period in 2018. In which: Domestic revenue: May was estimated at VND 81.9 trillion, about VND 29.7 trillion lower than the previous month. Accumulated 5 months reached VND 506.9 trillion, equaling 43.2% of the estimate, up 13% over the same period in 2018.

Revenue from crude oil: May is estimated to reach 5.1 trillion dong, up 520 billion dong over the previous month. The 5-month accumulation is estimated at VND 23.39 trillion, equaling 52.4% of the estimate, down 2.4% compared to the same period in 2018.

Revenue from import and export activities: May is estimated at VND 35.1 trillion. Accumulation of 5-month revenue is estimated at VND 146.7 trillion.

In order to get the above results, the tax and customs offices have strengthened the collection management right from the beginning of the year, reviewed and firmly grasped the objects and budget revenues in the area, checked the tax declaration and decision. tax audit of enterprises, striving to collect right and full revenue, timely collecting arising amounts into the state budget.

The results of tax declaration and payment of enterprises in the first 5 months of 2019 are quite positive and relatively even in large economic sectors. It is estimated that there are 52/63 domestic collecting provinces reaching the estimated plan (over 41%), of which 41 localities obtain over 43% of the estimate; 57 localities collected higher than the same period.

Budget expenditure in 5 months was estimated at 550.2 trillion dong, equaling 33.7% of the estimate, of which: development investment expenditure reached 21.9% of the estimate, approximately equal to the previous year's implementation; interest payment is 41.3% of the estimate; regular expenditures reached 40.2% of the estimate. In general, the tasks of budget spending in the first 5 months of the year are strictly ensured, according to the estimates and the implementation schedule of the budget using units, meeting the tasks of ensuring social security. . The central budget has extracted VND 1,162.7 billion to support localities to overcome the consequences of natural disasters and floods and handle unexpected and urgent tasks.

Due to the lower spending schedule than the budget collection schedule, the state budget balance should be balanced in 5 months. Accordingly, the issuance of Government bonds is also calculated at an appropriate level to ensure the payment of principal debt and at the same time effectively use the state budget and contribute to orienting the development of the market and structure. public debt. As of May 23, 2019, VND 98.3 trillion of government bonds were issued with an average term of 12.75 years and an average interest rate of 4.94% per year.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Extreme Futures: Movers & Shakers




Today's Hottest Futures
Market Last Vol % Chg