Vietnam’s state budget revenues in the first eight months of 2006 are estimated to make up 64.7 per cent of the plan set for the whole year and post an increase of 15.6 per cent from a year earlier, reported the General Statistics Office (GSO).
Revenues from domestic taxes reached 62.7 per cent of this year’s estimation, while the finishing rates of earnings from crude oil and import-export taxes were 70.3 per cent and 61.8 per cent, respectively.
Among domestic taxes, collections from the state-owned economic sector fulfilled 65.3 per cent of the annual plan, from the industrial, commercial and non-state service sector 67.9 per cent, from the high-income earners 66.7 per cent, from lottery 73 per cent, from fees and tolls 78.4 per cent, from foreign-invested sector 51.6 per cent, and from the house and land fees 58.6 per cent.
Between January and August, total state coffer expenditures are estimated to finish 62.8 per cent of the yearly projection and grow by 20.6 per cent from the same period last year.
The spending on investment and development accounted for 60.2 per cent of the annual plan, and payment for debts and assistances made up 68.1 per cent and regular spending 67.5 per cent.
Among regular expenditures, spending on economic development accomplished 71 per cent of the year’s plan, on administration 68.5 per cent, on retirement pension and social issuance 68 per cent, on health care 66.2 per cent, on for education and vocational training 66.6 per cent.
Overspending is calculated to be equal to 63.9 per cent of the whole year’s over-expenditure estimation, of which 72 per cent was compensated by domestic borrowings and 28 per cent by foreign sources.
In 2006, Vietnam targets state budget revenues at VND237.9 trillion (US$15 billion), expenditures at VND294.4 trillion (US$18.6 billion), and over-expenditure at VND48.5 trillion in the year.
(Source: GSO August, 2006)
Vietnamese
