Vietnam’s total state budget revenues in 2006 are estimated to surpass by 10.2 per cent the yearly estimation, reported the General Statistics Office (GSO).
Collections from domestic taxes accomplished 103 per cent of the year’s projection, from crude oil 126 per cent, from import-export taxes 106.3 per cent, and from foreign assistance 148 per cent.
Among domestic levies, collections from the state-owned economic sector reached 105.3 per cent of the annual plan, from foreign-invested sector (excluding crude oil) 86.8 per cent, from the non-state industrial-commercial-service sector 105.7 per cent, from the high-income earners 101.6 per cent, from housing and lands fees 119.6 per cent and from fees and tolls 106.1 per cent.
Meanwhile, spending from the state coffer last year is estimated to exceed by 8.4 per cent the year’s estimation.
Spending on investment and development reached 105.9 per cent of the plan, and regular spending 105.6 per cent.
Among regular expenditures, payments for education and vocational training hit 102.6 per cent of the year’s plan, for health care 102.8 per cent, for retirement pension and social issuance 102.1 per cent, for economic development 116.1 per cent and for administration 108.2 per cent.
Overspending in 2006 was equal to the estimation for the whole year, of which 74.2 per cent was compensated by domestic borrowing and 25.8 per cent by foreign sources.
Vietnam had, earlier last year, targeted state budget revenues at VND237.9 trillion ($15 billion), expenditures at VND294.4 trillion ($18.6 billion), and over-expenditure at VND48.5 trillion for the year.
The country’s National Assembly passed the state budget estimation for 2007, in which budget revenues are targeted at VND281.9 trillion ($17.6 billion), spending at VND354.9 trillion ($22.2 billion), and state budget deficit at VND56.9 trillion ($3.6 billion).
(GSO Dec 2006)
Vietnamese
