The total state budget revenues in April were
estimated at 61.62 trillion dong, lifting the total figures in the first four
months of this year to 234.39 trillion dong, equalling to 31.7 percent of the
year's estimate and increasing 3.5 percent over the same period last year,
according to Ministry of Finance (MoF)'s report.
Of
which, local collection reached 152.81 trillion dong, or 30.9 percent of the
year's estimate and up 2.1 percent on year, thanks to the increase in crude oil
price in the world market from December 2011 so far, the collection from crude
oil has been always maintained at high level with an estimated figure in
Jan-April at 36.23 trillion dong, or 41.6 percent of the year's estimate and
rising 15 percent on year.
The
total state budget spending in April was estimated at 67.3 trillion dong,
bringing the total figure in Jan-April to 264.067 trillion dong, of 29.2
percent of the year's estimate and rising 7.1 percent from the same period last
year.
The
spending for development investment in April was estimated at 13.11 trillion
dong and the accumulated figure in Jan-April was 51.46 trillion dong, of which,
the spending to offset the state credit interest rate reached 31.3 percent of
the year's estimate and expenditure to add the national reserve reached 24.7
percent of the year's estimate.
The
actualised basic construction investment capital was low with an estimated
figure at 49.6 trillion dong, or 28.5 percent of the year's estimate and
equalling to 97.3 percent over the same period last year and the disbursed
capital for completion were estimated at about 14 percent of the year's
estimate.
Thus,
the state budget deficit in the first four months of this year was about 29.67
trillion dong, or 18 percent of the year's estimate and up nearly 5 percent
over the same period last year.
In
particular, according to MoF on state budget revenue, although still remaining
low in comparison with the requirements on the progress of estimate, overall it
was much better than in March (up by 4.91 trillion dong), up mainly thanks to
the increase in domestic revenue (up 6.51 trillion dong), of which, direct
revenues from production -business operations increased by about 5.4 trillion
dong.
The
fundamental cause is that April is the time for enterprises to focus on
declaring and paying corporate income tax (CIT) of the first quarter 2012. In
addition, the collection of land rent and land use also achieved better (up
about 800 billion dong) because projects being implemented from previous years
continued to pay according to schedule.
Total
revenue from crude oil was more stable than in March 2012.
However,
the balance revenue from import and export activities decreased significantly
(down by 1.3 trillion dong) due to low growth in import-export turnover in
recent months and structural changes of imports, of which goods with high
import tax rates decreased strongly over the same period last year.
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