January 16, 2019 23:18

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Deputy Prime Minister Vuong Dinh Hue: State Budget has “surplus” thanks to revenue collection exceeding over a hundred thousand billion VND

10:22 | 08/01/2019

VCN – Revenue collection for the whole country in 2018 exceeded over 100,000 billion VND, equivalent to exceeding nearly 7% of the current appropriation. This is a highlight in the country’s economy for last year, making an important contribution to ensuring financial potential, for the country itself, and helps Vietnam have resources to implement socio-economic reforms, security and defense.

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Deputy Prime Minister Vuong Dinh Hue highly appreciated the efforts of the financial sector in the performance of revenue collection task. Source: chinhphu.vn

HCM City finished spectacularly

Quickly reporting on the statistics on the expenses and incomes of State Revenue in 2018, Mr. Ta Anh Tuan - the Director General of the State Treasury, stated that as of 31/12/2018, the total balance of state budget for the whole of the country was over 1,420 million billion VND, achieved over 107% compared to the current appropriation.

Meeting with the press on the occasion of the New Year, 2019 (2/1/2019), Deputy Prime Minister Vuong Dinh Hue assessed the excess in revenue collection last year was a great and wonderful surprise.

Happily, according to the Deputy Prime Minister, the revenue increase was carried out evenly in both the central budget and local budgets, even in domestic revenue, import and export revenue.

“In the result of increasing in revenue collection, the central budget increased by more than 30,000 billion VND, and the local budget increased by more than 70,000 billion VND. Domestic revenue was increased compared to the estimate, revenue of Customs sector collected from import and export activities also exceeded the targets, and reached over 300,000 billion VND for the first time (according to the quick update of the General Department of Vietnam Customs, the result of 2018 for the whole of Customs sector reached 314,777 billion VND – Customs News reporter),”- the Deputy Prime Minister said.

In particular, Deputy Prime Minister Vuong Dinh Hue was impressed with the amount of revenue exceeding the target in some large localities, in particular and exceptionally, Ho Chi Minh City.

According to the Deputy Prime Minister, in 2018, HCMC's revenues amounted to 377,000 billion VND, achieving 100.11% of the current appropriation, and that was a most spectacular achievement. This was a remarkable achievement, as of the date 28/12/2018 (the last working day before the New Year holidays), this locality achieved 98% of the target.

“Each percent of HCMC's revenue collection is very large, up to thousands of billions of VND, so in the New Year holidays, Ho Chi Minh City has made great efforts and surpasses the target of current appropriation, making important contributions to the achievements for national revenue collection. A year has 365 days, and during those days, Ho Chi Minh City collected up to 377,000 billion VND,”- Deputy Prime Minister Vuong Dinh Hue analyzed.

A locality which was also mentioned by the Government leaders that exhibited great efforts in implementing the revenue collection task was Hai Phong City.

According to the Deputy Prime Minister, at first, Hai Phong calculated the possibility of failing to achieve the domestic collection target, but with exceptional efforts and determination, at the end of the year, this locality exceeded the current appropriation by about 2,000 billion VND, reached the amount of domestic revenue of more than 24,000 billion VND. In addition, the revenue of Hai Phong Customs Department is over 50,000 billion VND.

Deputy Prime Minister asserted that the results of revenue collection in 2018 help us to have "surplus", ensuring the balance of income and expenses of revenues. In particular, there will be room for expenditures on investment, development, accumulation for the reform of salary; to have more resources for national defense, security, social security, policies for people with merit...

Making great effort of the Finance sector

The results of the spectacular revenue collection in 2018 showed the effectiveness in implementing solutions to facilitate the production and business activities of the Government, the close guidance of the Prime Minister and the Government leaders for the work of revenue collection and expense; enabling the great efforts of the financial sector and localities to earn revenue source.

In particular, Deputy Prime Minister Vuong Dinh Hue highly appreciated the efforts of the financial sector and localities.

Deputy Prime Minister shared, during New Year holidays, many officers in the finance sector still had to work hard to urge revenue collection, especially the Tax sector, Customs sector and Treasury.

"The Minister of Finance and the General Directors of the Finance sector in the last few days of the holidays, regularly monitored and updated the situation of revenue collection in order to report to the Prime Minister and Deputy Prime Ministers in charge," - Deputy Prime Minister Vuong Dinh Hue said.

According to the Deputy Prime Minister, the Prime Minister and himself, also regularly monitored and updated the situation of revenues collection and expenditures from the Ministry of Finance and localities in order to have timely guidance and encouragement.

During last New Year holiday, Deputy Prime Minister Vuong Dinh Hue directly visited and encouraged the team of officials at Finance units in Nghe An.

“In the evening of 31/12/2018, I went to check the work of budget spending at the State Treasury of Nghe An and saw 100% of the offcials performing their duties. On 1/1/2019, financial officials were also not allowed to leave, because they had to continue preparing to open the books for 2019,”- Deputy Prime Minister stressed.

Deputy Prime Minister shared: the officials in the finance sector, especially many young officials, had to sacrifice their holidays in order to try to complete the task.

By Thái Bình/Thanh Thuy