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31 Oct 2018, Petia Krasteva, EMIS Editor

Vietnam's fiscal budget accumulates USD 1.8bn gap as of Oct 15

Vietnam's public budget accumulated USD 1.8bn deficit year-to-date as of October 15, up from USD 1.63bn fiscal gap in January-September, Intellasia.Net News reported citing data by the General Statistical Office (GSO). Budget revenues reached USD 43.37bn as of Oct 15, reaching 76.5% of the annual target. Tax income alone amounted to USD 34.3bn or 72.6% of the annual target.

Expenditures amounted to USD 45.17bn until Oct 15 or some 69% of the annual plan. Spending execution was a bit slower due to constrained investment spending that amounted to USD 9.4bn or only 55% of the full-year plan.

Intellasia.Net News noted that 2018 would be challenging for Vietnam’s public finances following the elimination of tariff barriers for commodities imported from Asean countries.

Sign in and read the full article in emis.com, or find out more about EMIS. Original source: Intellasia.Net News