State budget revenue in 6 months reached 1,332.3 trillion VND, equal to 68% of the estimate

State budget revenue in the first 6 months of the year achieved impressive results with 1,332.3 trillion VND, equal to 67.7% of the estimate, creating a solid foundation for implementing expenditure tasks and ensuring macro balance.

Domestic revenue in the first 6 months reached 1,158.4 trillion VND, equal to 69.4% of the estimate and increased sharply by 33.3% over the same period. (Photo: Vietnam+)

The economy continues to show positive signs of recovery and growth, which is reflected in the results of state budget revenue and expenditure in the first 6 months of the year.

Data released by the Ministry of Finance shows that as of June 30, the total state budget revenue is estimated at VND 1,332.3 trillion, completing 67.7% of the annual estimate and increasing by 28.3% over the same period in 2024. This is a high growth rate and demonstrates the effectiveness of economic management solutions as well as the recovery of production and business activities.

Of which, the main revenue sources have an important contribution from domestic revenue, which is the main pillar with a recorded level of 1,158.4 trillion VND, equal to 69.4% of the estimate and a sharp increase of 33.3% over the same period. In addition, revenue from import-export activities reached 148.7 trillion VND, equal to 63.3% of the estimate and an increase of 6.5% over the same period.

Meanwhile, revenue from crude oil reached VND24.6 trillion, equivalent to 46.3% of the estimate. However, this revenue decreased by 16.7% compared to the same period due to the average 6-month payment price of oil (about 76.8 USD/barrel) being lower than the same period last year.

Along with positive revenue results, State budget expenditures were proactively implemented, promptly meeting the tasks of socio-economic development, national defense, security and social security.

Specifically, total state budget expenditure in the first 6 months is estimated at VND 1,102.1 trillion, equal to 43.2% of the estimate and up 38.5% over the same period. Notably, development investment expenditure was boosted, estimated at VND 268.1 trillion, up 42.3% (equivalent to VND 79.7 trillion) over the same period. Accordingly, the disbursement rate of public investment capital reached 32.5% of the plan assigned by the Prime Minister , higher than the 28.2% of the same period, affirming the Government's determination to promote this important growth driver.

According to the Ministry of Finance, regular expenditures and interest payments were fully and timely ensured. Of which, regular expenditures reached VND776 trillion, serving the operations of the state apparatus and taking care of policy beneficiaries. Interest payments reached VND55.7 trillion. In addition, the central budget used about VND7.9 trillion from the reserve fund to handle urgent tasks and support localities in overcoming the consequences of natural disasters and epidemics.

With the above revenue and expenditure results, the balance of the central and local budgets is firmly ensured. To proactively source capital for investment spending and debt restructuring, the Government has successfully issued VND 201.4 trillion of government bonds with an average term of 9.8 years and an attractive average interest rate of 2.92%/year.

The Ministry of Finance said that public debt management was carried out strictly and effectively. The total debt repayment by the Government in the first 6 months was about 251.4 trillion VND, fully and on time as committed. Regarding capital mobilization, the Government signed 5 foreign loan agreements with a total value of about 450 million USD, an increase of 140% over the same period, ensuring resources for important projects./.

Source: https://baolangson.vn/thu-ngan-sach-nha-nuoc-6-thang-dat-1-332-3-nghin-ty-dong-bang-68-du-toan-5052907.html