Nghe An budget revenue reaches highest ever with 18,936 billion VND

The 2021 State budget revenue estimate assigned by the Provincial People's Council is 14,032.3 billion VND. The State budget revenue estimate submitted to the Provincial People's Council for adjustment (due to increased aid revenue, amount: 3,617 billion VND): 14,035.917 billion VND.

State budget revenue data in 2021As of December 31, Nghe An Tax Department's internal revenue reached 17,279 billion VND, equal to 151% of the Central budget estimate, 141% of the People's Council budget estimate and 108% compared to the same period.

Meanwhile,revenue from import and export activitiesestimated at 1,657 billion VND, an increase of 55 billion VND compared to the estimated implementation reported to the Provincial People's Council, equal to 132.4% of the adjusted Provincial People's Council estimate and equal to 140.5% over the same period in 2020.

Total tax debt collection to the State Budget in 2021 reached 2,457 billion VND.

Mr. Nguyen Xuan Hai - Director of the Department of Finance reported on the budget revenue in 2021. Photo: Document

Development investment expenditure: Estimated implementation is 8,500 billion VND, reaching 130.8% of the adjusted estimate. Development investment expenditure increased due to the extension of the 2020 construction capital source to be implemented and paid in 2021, the source of excess budget revenue at all levels, and additional central reserve source.

The Department of Finance has advised the Provincial People's Committee on funding for visiting and wishing a happy New Year to policy beneficiaries, meritorious people, officers and soldiers of the armed forces on duty in border areas.

Banks launch economic recovery support packages. Photo: Tran Chau

Advise on the allocation of funds to support prices of public irrigation services in 2021, with the amount of: 254.135 billion VND. Coordinate with the Department of Home Affairs to advise on funds for the election of deputies to the 15th National Assembly and People's Councils at all levels, term 2021 - 2026 in Nghe An province; Advise on funds for site clearance compensation of 105.6 billion VND; Advise on funds for epidemic prevention: Prevention and controlAfrican swine fever13.7 billion VND; lumpy skin disease: 2.1 billion VND (cost of purchasing chemicals and vaccines); support for Covid-19 prevention and control over 200 billion VND.

Consulting on funding for the implementation of Resolution No. 68/NQ-CP dated July 1, 2021 of the Government on a number of policies to support employees and employers facing difficulties due to the Covid-19 pandemic: VND 58.42 billion. Funding for provincial and district defense drills; Consulting on funding to support localities and units with funding to repair weak works before the 2021 rainy and stormy season...

According to the State budget revenue estimate for 2022,total state budget revenuein the area is 14,997 billion VND, an increase of 961 billion 083 million VND compared to the adjusted estimate assigned by the Provincial People's Council in 2021 (up 6.8%). Of which: Domestic revenue: 13,697 billion VND, an increase of 914 billion 700 million VND compared to the adjusted estimate assigned by the Provincial People's Council in 2021 (up 7.2%). Domestic revenue excluding land use fees and lottery fees: 10,171 billion VND; Land use fees: 3,500 billion VND, an increase of 500 billion VND compared to the estimate assigned by the Provincial People's Council in 2021 (up 16.7%); Revenue from import and export activities: 1,300 billion VND, an increase of 50 billion VND compared to the adjusted estimate assigned by the Provincial People's Council in 2021 (up 4%).

Vibrant construction investment activities contribute to increasing budget revenue. Photo: Nhat Lan

The Finance sector also proposed solutions to be implemented from the first days and months of 2022./.