State budget estimates for 2022 annouced
The Finance Ministry recently annouced State budget estimates for 2022, which provides the public with essential information on macro-economic indices in the year.
According to a report on State budget estimates for 2022 that has been made public by the Ministry of Finance, macro-economic indices for 2022 include a gross domestic product (GDP) growth of 6-6.5 percent.
Meanwhile, average consumer price index (CPI) rise of about 4 percent, total export revenue expansion of about 5.4 percent, and total social development investment accounting for about 32-34 percent of the GDP.
The State budget collection in 2022 is expected to reach over 1.41 quadrillion VND, while expenditure is estimated at about 1.78 quadrillion VND, up 4.5 percent compared to that in 2021.
Accordingly, revenues of the central budget is estimated to account for 52.36 percent of total budget collection, equivalent to 739.13 trillion VND (32.33 billion USD), while 47.64 percent, or 627.57 trillion VND (27.45 billion USD) will be collected for local budget.
