Nghe An: Budget revenue in the first quarter of 2019 reached 3,354 billion VND, up 14.5% over the same period

According to Director of the Department of Finance Nguyen Xuan Hai, the State budget revenue in the first quarter of 2019 is estimated at 3,354 billion VND, reaching 24.9% of the estimate assigned by the Provincial People's Council and increasing by 14.5% over the same period in 2018.

Of which: Domestic revenue reached 3,014 billion VND, reaching 25.6% of the estimate and increasing by 23.2% over the same period in 2018. Land use fee revenue was 703 billion VND, reaching 29.8% of the estimate, increasing by 60.6% over the same period. Revenue from import and export activities: 340 billion VND, reaching 20% ​​of the estimate and equal to 70.4% over the same period in 2018.

Local budget expenditure in the first quarter of 2019 is estimated at VND 5,354.3 billion, reaching 22% of the estimate assigned by the Provincial People's Council. Of which, development investment expenditure: VND 1,050 billion, reaching 20.2% of the estimate; regular expenditure: VND 4,269.3 billion, reaching 22.8% of the estimate.

Director of the Department of Finance Nguyen Xuan Hai speaks at the conference: Photo by Thanh Le

Regarding the tasks and solutions to implement the State budget revenue and expenditure estimates for the second quarter of 2019, according to the head of the provincial Finance sector, the Tax and Customs sectors continue to innovate and promote propaganda, support, and legal advice on tax policies to help organizations and individuals access policies promptly and effectively.

Mr. Nguyen Xuan Hai also said that he will resolutely direct the collection and exploitation of revenue sources, strengthen management against revenue loss; review and evaluate factors affecting the State budget revenue in the area, clarify revenue shortfalls and potential revenue sources; propose specific solutions to recommend the Provincial People's Committee to direct sectors and levels to coordinate implementation.

In addition, the tax authority closely coordinates with the Department of Natural Resources and Environment and the People's Committees at the district level to urge the collection of land use fees and land rents for real estate business projects; strengthen inspection of project implementation progress to propose land recovery for projects that are slow to implement or do not fulfill tax obligations as prescribed;...

Production of superfine stone powder for export in Quy Hop. Photo: Thanh Le