Deputy Prime Minister Vuong Dinh Hue speaks at the meeting of the Ministry of Finance in Hanoi on July 12 (Photo: VNA) Hanoi (VNA) – About 745.4 trillion VND (32 billion USD) was collected for the State budget in the first half of 2019, equivalent to 52.8 percent of the year’s target and up 13.2 percent year on year, according to the Ministry of Finance (MoF). At a meeting to review the six-month financial and budgetary work in Hanoi on July 12, the ministry reported that the collection for the central budget hit a five-year high when it reached 51.5 percent of this year’s plan. Meanwhile, the local budget revenue reached 54.3 percent of the yearly target with 50 of the 63 provincial-level localities fulfilling over 50 percent of their plans. The MoF has worked closely with the State Bank of Vietnam in governing the State budget, issuing Government bonds, and stepping up the cashless budget collection and spending, thereby helping to control inflation and ensure macro-economic stability, the ministry said. Addressing the event, Deputy Prime Minister Vuong Dinh Hue pointed out that several difficulties that may hamper the State budget collection in the last half of this year have appeared. He… Read full this story
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