State budget revenue of Vietnam last year reached VND261.1 trillion (US$16.3 billion), up VND23.2 trillion compared to the estimated figures, an article on Hanoinet reported on February 26.
The exceeding amount is mainly contributed by crude oil sector, fuelled by increasing price and improved collection management, it said.
In 2006, state budget revenue collected by seven localities reportedly hit over VND3 trillion (US$187.5 million), 19 other localities ranged VND1-3 trillion, whilst 21 remaining others collected below VND500 billion.
Tax and customs sectors closely cooperated with relevant sectors and localities to double check and classify outstanding debts, then publicize them.
As of September 2006, the tax sector scrutinized over 63,000 units, uncovered and recollected VND2.9 trillion (US$181.25 million).
The state budget expenditures were used for national defense, educational development programs as well as in facing natural calamities and poverty reduction, better and more effectively managed in 2006 when surplus expenditures accounted for 4.98 per cent of Vietnam’s GDP.
This year, state budget revenue to be contributed by domestic businesses and sectors excluding crude oil is estimated to have reached VND151.8 trillion (US$9.5 billion), an on-year rise of 16.8 per cent.
State budget contribution by state-owned enterprises is forecast to rise 15.1 per cent, FDI businesses 27 per cent, non-state industrial and commercial sectors 28 per cent.
Crude oil is projected to contribute VND71.7 trillion (US$4.48 billion) to the state budget, accounting for 92.6 per cent of 2006’s estimated figures, whereas exports and imports reach VND55.4 trillion (US$3.46 billion).
Non-refundable aid is estimated to have reached VND3 trillion (US$187.5 million), up VND300 billion compared with estimated figure last year. (Hanoinet, www.ktdt.com.vn)
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