Budget deficit of nearly 4,500 billion VND in the first 15 days of the year
The General Statistics Office has just announced a preliminary report on the State Budget revenue and expenditure situation in the first 15 days of 2021.
Accordingly, the totalState budget revenueThe first 15 days of January 2021 are estimated to reach 36 trillion VND, equal to 2.7% of the year's estimate, of which domestic revenue reached 22.5 trillion VND, equal to 2%; revenue from crude oil 989 billion VND, equal to 4.3%; budget balance revenue from import-export activities 12.6 trillion VND, equal to 7%.
In more detail, in domestic revenue, revenue from the State-owned enterprise sector reached 1,006 billion VND, equal to 0.7% of the year's estimate; revenue from foreign-invested enterprises (excluding crude oil) was 2,863 billion VND, equal to 1.4%; revenue from non-State industrial, commercial and service taxes was 3,727 billion VND, equal to 1.6%; revenue from personal income tax was 2,485 billion VND, equal to 2.3%; revenue from environmental protection tax was 329 billion VND, equal to 0.5%; revenue from land use fees was 6,621 billion VND, equal to 5.9%.
On the other hand, total state budget expenditure in the first 15 days of January is estimated at 42.5 trillion VND, equal to 2.5% of the yearly estimate, of which regular expenditure is 29.7 trillion VND, equal to 2.9%; development investment expenditure is 3 trillion VND, equal to 0.6%; debt interest payment is 9.8 trillion VND, equal to 8.9%.
Thus, in the first 15 days of 2021, the State budget had a deficit of about 4.2 trillion VND.
According toGeneral Statistics OfficeThe assessment is that the reason for the above deficit is that it is just the beginning of the year and the tax declaration deadline has not yet come, so many domestic revenues are at low levels. At the same time, State budget expenditure must ensure the needs of socio-economic development, national defense, security, State management and payment of due debts.
It is known that recently, the leaders of the Ministry of Finance have issued an Action Plan to implement Resolution No. 01/NQ-CP of the Government on the main tasks and solutions to direct the implementation of the Socio-Economic Development Plan and State Budget estimates for 2021 and the program of drafting legal documents in 2021 of the Ministry of Finance.
In particular, the leaders of the Ministry of Finance set out specific targets such as the budget mobilization rate of 15.5% of GDP; the tax arrears rate lower than 5% of total budget revenue; striving to increase budget revenue compared to the estimate by 3%; the proportion of regular expenditure (excluding salary and staff streamlining) is 61.5%; the proportion of development investment expenditure is 28.3%; the budget deficit compared to GDP is 4%; public debt to GDP is 46.1%, government debt is 41.9% of GDP.
In this action plan, the Ministry of Finance has set out a group of tasks to continue to flexibly and effectively implement the "dual goal" of both preventing and fighting the Covid-19 pandemic and developing the economy. Implementing the direction of the Government leaders, the Ministry of Finance will continue to closely coordinate with the State Bank, the Ministry of Planning and Investment, and the Ministry of Industry and Trade in proactively and flexibly operating fiscal and monetary policies to regulate the macroeconomy and ensuremacroeconomic stability, control inflation and major balances of the economy.