State budget collection was estimated to reach 98.6 trillion VND in May, pushing total revenue in the first five months of 2021 to 667.9 trillion VND (nearly 29 billion USD), equivalent to 49.7 percent of the yearly estimate, up 15.2 percent year on year, the Ministry of Finance has reported.

 

Of the amount, contributions to the central budget totalled 347 trillion VND, fulfilling 46.9 percent of the yearly target, while local budget revenue was 320.9 trillion VND, equivalent to 53.1 percent of the estimate.

 

Meanwhile, State budget spending was 125.8 trillion VND in May and 581.6 trillion VND in the first five months, equivalent to 34.5 percent of yearly estimate, similar to that in the same period last year, according to the ministry.

 

Spending on development and investment was at 102 trillion VND, representing 21.4 percent of the estimate, including 47.8 trillion VND for debt payment and 430.8 trillion VND for regular expenditure./.