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Vietnam's state budget collection up 13.8 pct last year

Source: Xinhua | 2023-01-03 | Editor:Lexi

Vietnam posted a budget collection of 1,784.8 trillion Vietnamese dong (75.6 billion U.S. dollars) in 2022, up 13.8 percent year-on-year, the country's General Statistics Office said on Monday.

Domestic revenue over the months rose 9 percent from the same period of last year to 1,421.8 trillion Vietnamese dong (60.2 billion dollars), while the revenue from import-export activities increased by 29.7 percent to 280 trillion Vietnamese dong (11.9 billion dollars).

Vietnam's budget spending stood at 1,562.3 trillion Vietnamese dong (66.2 billion dollars) last year, up 8.1 percent year-on-year. Regular spending stood at 1,026.2 trillion Vietnamese dong (43.5 billion dollars), up 5.6 percent year-on-year, accounting for the largest proportion of the country's total expenditure.

According to a recent report by the country's Ministry of Finance, the state budget deficit for 2023 is estimated at 4.42 percent of the GDP.

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