Vietnam State Budget Deficit Forecast at 5% This Year: Senior Official

The government of Vietnam is forecast bear a state budget deficit of 5% of GDP this year, according to a deputy minister of Planning and Investment.

 

Tax revenues from domestic companies the state coffers are forecast to rise on anticipation of slight drops in tax incomes from crude oil shipments and exports, Le Hoang Anh, deputy head of the Ministry of Planning and Investment’s Department for Finance and Monetary Policy explained.

 

The National Assembly has approved a state budget deficit range of 5%-7%, Anh added. (Vietnam Economic Times)