11-month state budget revenue up 16.1%, exceeds target
The state budget revenue topped VND1.8 quadrillion (US$71 billion) in the first 11 months of this year, equivalent to 106.3% of this year's target and up 16.1% from the same period from 2023, the Ministry of Finance reported on December 4.
Breaking down the number, revenue contributions to the central budget reached approximately 110.1% while local budget collection stood at around 102.5% of the respective targets.
On the expenditure side, the state budget used 73.6% of its spending target for 2024, which represents a 4.7% increase from a year earlier.
A portion of this expenditure came from the 2024 contingency fund, amounting to VND24.7 trillion. It was directed toward critical national defence and security tasks, support for localities with urgent missions, epidemic prevention and control, and production restoration following natural disasters and epidemics.
In addition to financial support, the ministry allocated 16,780 tonnes of rice from the national reserves to help localities recover from natural disasters.
With the year drawing to a close, Finance Minister Nguyen Van Thang has urged agencies and units to strive for the highest possible revenue collection, thus meeting the expectations of Party and State leaders.
