January budget revenue rises 7.5 per cent

January budget revenue rises 7.5 per cent

January budget revenue was estimated to be VNĐ 一 四 四. 六 trillion (US$ 六. 一 五 billion), representing a rise of  七. 五 per cent over January  二0 一 八. - Photo vneconomy.vn

HÀ NỘI — State budget revenue was estimated at a total of VNĐ 一 四 四. 六 trillion (US$ 六. 一 五 billion) in January, representing a rise of  七. 五 per cent over the same month of  二0 一 八.

The month’s budget collection was equivalent to  一0. 二 per cent of the target for the full year.

According to the latest report from the Ministry of Finance, domestic revenue accounted for more than  八 三 per cent of the total and rose by  五. 三 per cent over January  二0 一 八.

Revenue from crude oil was estimated at VNĐ 四. 五 trillion, up  五. 七 per cent.

Imports and exports maintained their growth momentum in the first month of  二0 一 九, the ministry said, adding that trade revenue reached VNĐ 一 九. 五 trillion, or  一0. 三 per cent of the plan for the full year.

Budget spending was estimated at VNĐ 九 二. 九 trillion.

In January, VNĐ 三0. 四 trillion worth of Government bonds were issued.

The ministry said that, in January, it asked the Prime Minister to issue a directive on enhancing the use of official development assistance (ODA) funds. An estimated sum of $ 七 九 million in ODA was disbursed in January.

The Government spent VNĐ 四 二. 七 trillion to pay off debts in January. ­­­— VNS