April 03, 2020 14:01

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State budget collection reaches more than VND623 trillion

14:30 | 01/09/2017

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

state budget collection reaches more than vnd623 trillion

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.

Source: VOV