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Vietnam's 11-month state budget revenue surpasses whole year's estimate

HANOI, Dec. 2 (Xinhua) -- Vietnam's state budget revenue in the first eleven months of 2014 hit 789.6 trillion Vietnamese dong (37. 24 billion U.S. dollars), accounting for 100.9 percent of the estimated figure for the whole year, said Vietnam's Ministry of Finance (MoF) on Tuesday.

 

 

According to the latest statistics posted on the MoF's website on Tuesday, during the eleven-month period, domestic revenue contributed some 534.3 trillion Vietnamese dong (25.32 billion U.S. dollars) to the state budget, accounting for 99.1 percent of the estimate.

 

 

During the period, Vietnam collected 96.45 trillion Vietnamese dong (4.57 billion U.S. dollars) to the state budget from sale of crude oil while import-export activities brought in some 154.57 trillion Vietnamese dong (7.33 billion U.S. dollars).

 

 

In the January-November period, Vietnam spent some 933.57 trillion Vietnamese dong (44.24 billion U.S. dollars), accounting for 92.7 percent of the whole year's estimate, up 10.4 percent year-on-year, said the MoF.

 

 

Among those, some 152.6 trillion Vietnamese dong (7.23 billion U.S. dollars) went to development investment while 118.38 trillion Vietnamese dong (5.61 billion U.S. dollars) was used to pay for debts and aid.

 

 

Another 662.59 trillion Vietnamese dong (31.4 billion U.S. dollars) was used for developing socio-economic affairs, national defense and security, as well as administrative management, up 9.7 percent year-on-year, said the MoF.

original source: http://www.shanghaidaily.com/article/article_xinhua.aspx?id=256148

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