The total State budget collection hit more than 623.2 trillion VND (US$ 27 billion) during the eight-month period, up by 10.8% annually, according to the General Department of Taxation
Of the figure, VND30 trillion came from crude oil thanks to its higher prices, equivalent to 78.3% of the estimate and posting an 11.3% annual increase. The domestic revenue was estimated to increase 10.8% year-on-year to VND593.3 trillion.
The central budget collection hit VND 275.7 trillion during the period, or 56.7% of the estimate and up 21.6% annually.
Up to 28 out of the 63 localities performed well in terms of the progress of the State budget collection while t
he other 15 localities obtained average level in the collection, t
he department said.
To fulfill State budget collection for this year, the department will focus on intensifying disciplines in State budget management and improving operational efficiency of tax agencies.