In eight months, budget revenue is projected to decrease by 8.8% compared to the same period last year.

DNHN - The report presents detailed data and information on the State's financial situation in August 2023, reflecting the change from the same period the previous year and the implementation progress of the annual budget.

The August 2023 financial situation has been summarised and analyzed. This month, the total state budget revenue is projected to reach 88,1 trillion dong, according to the report. From the beginning of the year to August of 2023, the total budget revenue reached VND 1,124,5 trillion, or 69.4% of the annual plan and 8.8% less than the same period in the previous year.

Detailed revenue information for August 2023 is as follows: Domestic revenue is anticipated to reach VND 71.8 trillion; from the beginning of the year to August 2023, domestic revenue totaled nearly VND 931 trillion, or 69.8% of the annual estimate target and 4.5% less than the same period last year.

Revenue from crude oil exports is anticipated to reach VND 4.4 trillion in August 2023; from the beginning of the year to August 2023, the amount of revenue from crude oil export has reached VND 39.7 trillion, equivalent to 94.6% of the year plan and a decrease of 25.1% compared to the same period in the previous year.

In August 2023, it is anticipated that budget balance revenues derived from import and export activities will reach VND 11.8 trillion; from the start of the year to August 2023, the amount collected from this activity has reached 153.6 trillion dong, representing 64.3% of the yearly estimate target and a decrease of 23.2% compared to the same period last year.

The total amount of State budget expenditures in August 2023 is projected to be VND 139 trillion; from the beginning of the year to August 2023, total expenditures have reached VND 1,081.2 trillion, representing 52.1% of the yearly estimate target and a 13% increase over the same period in the previous year.

In the first eight months of 2023, regular expenditures are projected to reach VND715.9 trillion, representing 61.1% of the annual budget estimate and a 5.7% increase over the same period in the previous year.

In the first eight months of 2023, it is anticipated that the amount of money spent on development investment targets will reach VND 297.7 trillion, representing 41% of the annual estimate target and a 40.3% increase over the same period in the previous year.

In the first eight months of 2023, it is anticipated that interest payments will total VND 65,9 trillion, representing 64.1% of the annual estimate target and a 0.9% increase over the same period in the previous year.

P.V (t/h)