In the 10-month period, the capital of Hanoi was estimated to collect over VND174.8 trillion worth of State budget revenue, reaching 80.1% of the year's target and up 12.4% over the same period last year. Meanwhile, Ho Chi Minh City posted over VND305.1 trillion in State budget collection, equivalent to 81% of the target set for the whole 2018 and up 9.5% over the corresponding period in 2018. Both Hanoi and Ho Chi Minh City saw increases in domestic collection and crude oil, while revenue from import and export activities went down over the same period last year. According to the General Statistics Office, Vietnam had collected VND1,009 trillion worth of State budget by October 15, equal to 76.5% of the year's estimate including VND798.5 trillion worth of domestic collection, VND48.5 trillion from crude oil, and VND158 trillion from import-export activities. … [Read more...] about Two economic hubs post VND480 trillion in State budget collection
State budget
State budget spending plan unclear: experts
State budget spending plan unclear: expertsBy Vu Dung Experts at a seminar discuss the State budget estimates for next year - PHOTO: THUY DUNG HANOI – Commenting on the Government’s budget estimates for next year, which have been reported to the National Assembly (NA), experts said the budget revenue estimates have been made transparent but the allocation plan is seeing the reverse. At a seminar on the State budget estimates for next year, held in Hanoi on October 29, Vu Sy Cuong, a financial and public policy expert and vice dean of Financial Policy Analysis at the Academy of Finance, said the State budget estimates have been made in a prudent manner as all targets were set with modest increases compared with the estimates for this year. For example, the budget revenue from land use fees is expected to grow 4.7% year-on-year, much lower than the figures seen in the last five years. In addition, the revenue from domestic sources is forecast to go up by a mere 1%. … [Read more...] about State budget spending plan unclear: experts
State budget must be made transparent: experts
State budget collection and expenditure must be made more transparent to the public, with full information released instead of general statistics. —Photo baodauthau.vn HÀ NỘI — State budget collection and expenditure must be made more transparent to the public, with full information released instead of general statistics, economic experts agreed at a workshop discussing plans for the 2019 State budget on Monday in Hà Nội. According to Nguyễn Minh Tân, deputy head of the Finance and Budget Division under the National Assembly’s Finance and Budget Committee, State budget collection this year is estimated to exceed the National Assembly’s estimate by 3 per cent, however, State agencies should follow up collection and spending in the last two months of the year because there might be fluctuations. The State budget depended on unstable elements such as collection from land use, crude oil, imports … [Read more...] about State budget must be made transparent: experts
Lawmakers discuss State budget estimate for 2018, 2019
At the meeting (Source: VNA) Hanoi (VNA) – Lawmakers discussed the State budget estimate for 2018 and the allocation for 2019, as well as the State budget financial plan for 2019-2021 during the ongoing sixth session of the 14th National Assembly (NA) in Hanoi on October 29, which was broadcast live nationwide. Under the direction of NA Vice Chairman Phung Quoc Hien, they also reviewed the mid-term public investment plan for 2016-2020. As many as 44 legislators gave opinions about outcomes and shortcomings in State budget estimate for 2018, including revenues from export; spending on healthcare, education, environment, social welfare policies, and public and government debts; as well as discipline in managing State expenditures and revenues. They offered feedback on improving transparency and accountability for the use and management of public investment; capital disbursement in key national projects; the national target programmes; the use of … [Read more...] about Lawmakers discuss State budget estimate for 2018, 2019
NA deputies debate State budget on October 29
Legislators will look into State budget and the mid-term public investment plan on October 29. (Photo: VNA) Hanoi (VNA) – Legislators will look into State budget and the mid-term public investment plan on October 29, during the sixth session of the 14th National Assembly. The debate will be broadcast live on national television and radio. They will discuss outcomes of the implementation of the State budget estimate for 2018; the State budget estimate, State budget allocation plan for 2019 and the national financial-budgetary plan for 2019-2021, and the allocation of the remaining budget and unused regular spending left from 2017. The deputies will review the mid-term implementation of the mid-term public investment plan, and national finance during the 2016-2020 period. Cabinet member are expected to clear up a number of issues raised by the deputies during the working session. On October 26 and 27, the legislators mulled over socio-economic issues, and proposed … [Read more...] about NA deputies debate State budget on October 29