Total revenue of the State budget reached VND446.3 trillion (US$19.57 billion) in the first fourth months of 2018, equivalent to 33.8% of the yearly estimate and up 12.1% year-on-year, according to the Ministry of Finance.
Illustrative image (Source: internet)
Domestic revenue, estimated at VND368.1 trillion (US$16.14 billion), rose by 14.5% from the same period last year. The figure was equal to 33.3% of the estimate.
Meanwhile, revenue from crude oil surged 27% year on year to VND19.1 trillion (US$837.5 million), accounting for 53.3% of the estimate.
Import-export activities contributed VND90 trillion (US$3.94 billion) to the State budget, equivalent to 31.8% of the estimate.
In the reviewed period, State budget spending stood at VND410 trillion (US$17.97 billion), or 26.9% of the yearly estimate, up 4.6% annually.
Of the sum, development investment spending, debt payment and regular spending were VND65 trillion (US$2.85 billion), VND41.75 trillion (US$1.83 billion), and VND301.5 trillion (US$1.83 billion), respectively.
Government bonds worth VND46.46 trillion (around US$2 billion) were issued in the reviewed period, equivalent to 16.84% of the yearly target.
Disbursement of official development assistance (ODA) capital in the first four months was estimated at US$700 million, or 15.2% of the set plan.VNA