The report on the implementation of the April work program recently announced by the Ministry of Finance showed many positive results. Accordingly, balancing the state budget (State budget) in April and 4 months has surpluses. So this is the second consecutive month in 2019 the state budget has surplus.

State budget revenue balance in 4 months of 2019 is higher than the same period last year.

Along with the positive development of the economy from the end of 2018 until now, the production and business activities of some industries in the first months of 2019 still maintained a high growth rate over the same period. The tax agency has focused on collecting revenue right from the beginning of the year, reviewing and firmly grasping the objects, budget revenues in the area, checking tax declaration, tax finalization of enterprises, striving to collect rightly, fully collect, promptly collect the amounts arising into the state budget. The results of tax declaration and payment of enterprises in the first 4 months of 2019 are relatively positive and uniform in large economic sectors.

The report of the Ministry of Finance said that the state budget balance in April was estimated at 133.9 trillion dong. Accumulated revenue in the first 4 months reached VND 517.87 trillion, equaling 36.7% of the yearly estimate, up 13.9% compared to the same period of 2018. Of which: April domestic revenue was estimated at VND 111.6 trillion

Excluding the recovery of state capital invested in economic organizations, an increase of nearly VND 26 trillion compared to the previous month. Accumulation of 4-month revenue reached VND 424.96 trillion, equaling 36.2% of the yearly estimate, up 14% over the same period of 2018 (the same period in 2018 reached 33.9% of the yearly estimate, up 16%). It is estimated that there are 52/63 domestic collecting localities reaching the estimated progress (over 32%), of which 40 localities collect over 35% of the estimate; 56/63 localities collected higher than the same period.

Revenues from crude oil are estimated at VND 4.7 trillion. Accumulated 4-month revenue was estimated at VND 18.29 trillion, equal to 41% of the yearly estimate. Revenue from import and export activities is estimated at VND 17.2 trillion. Accumulated revenue in 4 months was estimated at VND 73.9 trillion, equaling 39.1% of the yearly estimate, up 17.3% compared to the same period of 2018, on the basis of total estimated revenue of VND 111.6 trillion VND, equal to 37.1% of the yearly estimate, up 21.6% over the same period in 2018; The value-added tax refund for the regime is about 37.7 trillion dong, equaling 33.9% of the yearly estimate. Customs authorities have actively strengthened post-customs clearance inspection; coordinate closely with functional forces to fight smuggling, trade frauds and fake goods, thus positively impacting the region's revenues.

In the state budget management, the report said that in April, state budget expenditure was estimated at VND 114.2 trillion; The 4-month expenditure was VND 429.8 trillion, equaling 26.3% of the yearly estimate, up 4.4% over the same period of 2018. Of which, development investment expenditure reached VND 68.5 trillion, equal to 16% of the yearly estimate, up 5.4%; interest payment is 39.69 trillion dong, equaling 31.8% of the yearly estimate, down 4.9%; recurrent expenditure reached VND 319.68 trillion, equal to 32% of the yearly estimate, up 5.4% over the same period in 2018.

 

Due to the lower spending schedule than the budget collection schedule, there is a surplus for the State budget in April and 4 months. In this context, the Ministry of Finance has actively managed the issuance of Government bonds to both effectively use the state budget, and ensure payment sources and timely pay principal debts and contribute to orienting the development of the market, restructuring public debt. Total issued VND 82 trillion of Government bonds (excluding VND 7 trillion of debt issuance with Vietnam Social Insurance according to the Resolution of the National Assembly) with an average term of 12.51 years, the average interest rate is 4.92%/ year.

In the first 4 months of the year, the State Treasury system has controlled about 293 billion dongs of investment and regular state budget spending, thereby discovering 1,130 expenditures that have not yet reached the prescribed procedures and have requested Additional necessary procedures and the actual amount of rejection payment is 3.9 billion.

In addition to well performing the management and administration of state budget revenues and expenditures, the Ministry of Finance has promoted inspection, examination, anti-smuggling and commercial fraud. In April, the Ministry Inspectorate and other units with specialized inspection functions under the Ministry have carried out inspection and inspection work according to the 2019 plan approved by the Ministry. The entire financial sector has carried out 33,055 inspections, checks and penalties for administrative violations of VND 420,694 million; the amount of money collected and remitted to the state is VND 716,554 million. Accumulated in the first 4 months of 2019, the entire Finance sector has made 91,945 inspections, inspections and administrative sanctions of VND 854,525 million; the amount of VND 2,104,363 million was collected from the state budget.