In the first seven months of the year, some revenues made good progress.

The Ministry of Finance said that state budget revenue in July is estimated to reach nearly VND150 trillion, equal to 8.8% of the estimate and 86.7% of the average revenue of the first six months of the year.

In the first seven months of the year, state budget revenue is estimated to reach VND1,188.1 trillion, equal to 69.8% of the estimate, up 14.6% year-on-year. Of which, central budget revenue accounts 74.7% of the estimate and Local budget revenue reaches about 65% of the estimate.

Of the total budget revenue, revenue from crude oil is estimated to reach about VND34.4 trillion, equal to 74.7% of the estimate, down 2.7% year-on-year. Besides, the revenue from import and export activities reaches VND158.5 trillion, equal to 77.7% of the estimate, up 11.7% year-on-year.

Domestic revenue in the first seven months reaches VND995 trillion, equal to 68.9% of the estimate, up 15.8% year-on-year. Of which, land use fee revenue is estimated at VND106.3 trillion; dividends, after-tax profits, and the difference between revenue and expenditure of the State Bank is estimated at VND82.9 trillion, equal to 97.1% of the estimate, up 1.8% over the same period; collection of state budget capital invested in economic organizations reaches VND17.7 trillion, equal to 442.1% of the estimate. The remaining domestic revenues reach VND755.4 trillion, equal to 69.6% of the estimate, up 10.1% year-on-year.

Some revenues made good progress (over 60% of the estimate), such as: environmental protection tax revenue is estimated at 62.7% of the target, an increase of 13.8%; revenues of fees for granting mineral exploitation rights are estimated at 192.9% of the target; Others reached 81.5% of the estimate.

Regarding budget spending, the Ministry of Finance said that accumulated expenditures in the first seven months of the year reaches VND948.3 trillion, equal to 44.7% of the estimate, up 0.6% year-on-year. Of which, spending for development investment reaches about VND232.1 trillion, equal to 34.3% of the estimate decided by the National Assembly, equal to 34.68% of the plan assigned by the Prime Minister. Debt and interest payments is about VND63.2 trillion, equal to 56.5% of the estimate. Recurrent expenditures are VND652.5 trillion, equal to 51.8% of the estimate. In addition, the budget ensures enough money to pay for the increase in the minimum wage (from 1,800,000 VND/month to 2,340,000 VND/month) for salary beneficiaries, pensioners and subjects supported by the state budget from July 1, 2024.

Investment capital from the State Budget in July estimates at VND57.6 trillion

In particular, the central budget has spent VND7.6 trillion from the reserve to supplement funds to carry out defense and security tasks and support localities to carry out a number of important, and urgent tasks, funds for disease prevention and control and production restoration after natural disasters and epidemics.