Thu, 02 Feb 2023

HANOI, Dec. 2 (Xinhua) -- Vietnam posted a budget collection of 1,638.9 trillion Vietnamese dong (nearly 69.3 billion U.S. dollars) in the first 11 months of this year, up 17.4 percent year on year, the country's General Statistics Office said on Friday.

Domestic revenue over the months rose 13.5 percent from the same period of last year to 1,300.7 trillion Vietnamese dong (55 billion dollars), while the revenue from import-export activities increased by 25.1 percent to 263.5 trillion Vietnamese dong (11 billion dollars).

Vietnam's budget spending stood at 1,359 trillion Vietnamese dong (57.4 billion dollars) from January to November, up 3.4 percent year on year. Regular spending stood at 935.7 trillion Vietnamese dong (39.5 billion dollars), up 7 percent year on year, accounting for the largest proportion of the country's total expenditure.

In 2021, Vietnam's state budget deficit was below 4 percent of its gross domestic product (GDP), despite its spending to fight the COVID-19 pandemic.

The state budget deficit for 2022 is estimated at 4 percent of the GDP, according to a report by the country's Ministry of Finance.

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