Expected annual budget revenue to increase by nearly 17%

Illustration photo.

Of these, domestic revenue remains the mainstay and has seen steady growth. Although the fall in crude oil prices has affected revenues from oil and import-export, thanks to the relatively stable recovery of the domestic economy and improved production and business activities, total budget revenue still reached and exceeded estimates.

Regarding budget expenditure, the whole year is estimated to reach nearly 3.06 million billion VND, an increase of nearly 19% compared to the estimate, in which development investment expenditure is the top priority. According to calculations, the portion of expenditure for development investment in 2025 is estimated to reach more than 1 million billion VND, an increase of about 30% compared to the estimate. Promoting disbursement of public investment capital, focusing on strategic infrastructure projects, energy conversion and digital transformation is considered the main driving force to promote growth. Meanwhile, regular expenditure continues to be tightened and saved to create more room for investment and social security expenditure.

The Government has clearly defined the 2025 target that fiscal policy will closely coordinate with monetary policy to control inflation, ensure national financial security, and support economic recovery. Accordingly, the total number of tax, fee, and charge exemption, reduction, and extension packages is estimated at more than 200 trillion VND, which will be flexibly implemented to reduce cash flow pressure for businesses and people, especially in the fields of production, export, construction, transportation, and technology. However, the state budget deficit is still controlled at a reasonable level, estimated at about 3.6% of GDP, lower than the estimate allowed by the National Assembly (3.8% of GDP).

According to economic experts, this year's fiscal policy not only plays the role of "supporting" businesses, but also "fueling" public investment - the factor that is pulling the economy up. When public investment is strongly disbursed, it will spread to the private sector, creating a bridge chain of materials, labor, and services, thereby supporting a more sustainable increase in budget revenue.

Economic experts also said that in managing the 2025 budget, the Government has clearly demonstrated the "proactive - flexible - disciplined" mindset. Increasing development investment spending is not only a temporary solution, but also a long-term strategy to restructure the economy in a sustainable direction. More importantly, the financial sector has shifted revenue and expenditure management to a data-based model, reducing manual work, increasing transparency and efficiency.

Source: https://vtv.vn/du-kien-thu-ngan-sach-ca-nam-tang-gan-17-100251029053311793.htm