Government revenues up 11.9% in first 7 months

Friday, 2019-08-09 11:33:14
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Government revenues in the January-July period are equivalent to 63.2% of the full-year target.
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NDO - Vietnam’s government revenues in the first seven months of 2019 were estimated at VND891.7 trillion (approximately US$38.34 billion), up 11.9% compared with the same period of 2018.

The figure is equivalent to 63.2% of the target for the whole year. In July alone, revenues were estimated at VND144.45 trillion (US$6.21 billion).

According to the Ministry of Finance, domestic revenue in the January-July period reached VND724.68 trillion (US$31.16 billion) as a number of economic sectors maintained their strong growth momentum in the early months of the year.

Oil revenue was estimated VND34.35 trillion (US$1.48 billion), down 3.4% year on year, while revenue from export-import activities rose 17.9% to VND205 trillion (US$8.82 billion).

Meanwhile, total spending in the first seven months of 2019 were estimated at VND776.86 trillion (US$33.4 billion), meaning that the government is running a budget surplus.

The Ministry of Finance said budget spending in the January-July period was used strictly and in accordance with the plan.

During the period, more than VND2.6 trillion (US$111.8 million) was allocated from the central budget for local authorities to deal with consequences of disasters, curb the African swine fever and provide assistance to people in disadvantaged areas.