Ministry of Finance seeks comments on building the 2026 State budget estimate

The estimated total state budget revenue in 2026 is approximately VND 2,530 trillion, an increase of 5.9% compared to the estimated implementation in 2025, the mobilization rate into the state budget is about 17.4% of GDP.

Regarding budget expenditure, the total estimated state budget expenditure in 2026 is about 3.16 million billion VND, an increase of 22.6% compared to the estimate in 2025. (Photo: Vietnam+)

On October 23, the Ministry of Finance informed about the State budget estimate report for 2026 to widely collect opinions from the people and organizations.

With the target of GDP growth reaching 10% or more in the context of the volatile world economy and the domestic economy just recovering from difficulties, the budget report outlines a spending plan, focusing on investment in development, science and technology and social security.

According to the Ministry of Finance, in the context of the world facing a series of challenges from geopolitical conflicts, persistent inflation to increasing trade protectionism, Vietnam's economy in 2025 still emerges as a bright spot with impressive recovery results. This is an important foundation for the Government to build an ambitious financial-budgetary plan for 2026, the opening year of the 5-year Socio-Economic Development Plan for the period 2026-2030.

Entering 2026, the year of the 14th National Party Congress, the Government has set major goals, notably a GDP growth rate of 10% or more. To realize this goal, the 2026 State budget estimate is built in a proactive, reasonably expanded, focused and key direction.

Specifically, the estimated total state budget revenue in 2026 is approximately VND 2.53 trillion, an increase of 5.9% compared to the estimated implementation in 2025, the mobilization rate into the state budget is about 17.4% of GDP, of which from taxes and fees is about 13% of GDP.

Regarding budget expenditure, the total estimated State budget expenditure in 2026 is about 3.16 trillion VND, an increase of 22.6% compared to the estimate in 2025. The biggest highlight is the outstanding priority for development investment. The estimated expenditure for this sector is up to 1.12 trillion VND, accounting for 35.5% of the total State budget expenditure and an increase of 41.7% compared to the estimate in 2025. This is considered a strong commitment of the Government in creating breakthroughs in infrastructure, unlocking resources for long-term growth. Along with that, the estimated debt interest payment is 121.1 trillion VND and the regular expenditure is about 1.8 trillion VND, accounting for about 57.2% of the total State budget expenditure.

In addition to investment, the 2026 budget expenditure estimate also clearly shows other strategic priorities. Spending on science, technology, innovation and digital transformation is targeted to reach 3% of total budget expenditure. At the same time, significant resources are also allocated to ensure social security tasks, such as implementing free tuition, universal preschool education, supporting meals for students in disadvantaged areas and human policies.

Accordingly, the estimated state budget deficit in 2026 is 605.8 trillion VND (about 4.2% of GDP), of which the central budget deficit is 583.7 trillion VND (about 4.0% of GDP), and the local budget deficit is 22.1 trillion VND (about 0.2% of GDP).

The Government's report also presented the 3-year national State financial-budget plan for the 2026-2028 period. This plan aims to implement a proactive and flexible fiscal policy, ensuring the leading role of the central budget while maintaining national financial security and safety.

It is expected that in the next 3 years, the total state budget revenue will reach over 8.48 quadrillion VND and total expenditure will be about 10.92 quadrillion VND. The average deficit will be controlled at around 4.8% of GDP and public debt by the end of 2028 is expected to be at 39-40% of GDP and within the safe threshold according to international standards.

To successfully achieve these goals, the report proposes a series of synchronous solutions, from perfecting financial institutions and policies, promoting decentralization and delegation of power, to applying market principles in budget management, improving the efficiency of public asset use and synchronously developing the financial market.

Accordingly, the Ministry of Finance hopes to receive comments and contributions from organizations and individuals to make the work of building the State budget estimate more transparent and effective. All comments should be sent to the State Budget Department, Ministry of Finance, No. 28 Tran Hung Dao, Hanoi or via email to: [email protected].

According to Vietnam+

Source: https://baohaiphong.vn/bo-tai-chinh-lay-y-kien-dong-gop-xay-dung-du-toan-ngan-sach-nha-nuoc-nam-2026-524375.html