Maintaining the "flow" of the budget for growth.

State budget revenue in the first four months of the year reached over 1.1 trillion VND, creating significant room for fiscal management in 2026. Along with positive revenue results, the State Treasury system continues to play a crucial role as a "gatekeeper" of budget funds, ensuring tight control over expenditures and supporting the acceleration of public investment disbursement.

The State Treasury system ensures a smooth flow of budget expenditures, contributing to the achievement of double-digit growth targets. Photo: Provided

Government revenue continues its positive momentum.

According to a report from the State Treasury, the state budget revenue picture for the first four months of 2026 continues to show many positive signs amidst considerable uncertainty in the global economy .

Specifically, as of the end of April 2026, cumulative state budget revenue reached VND 1,102,656 billion, equivalent to 43.59% of the annual forecast. This is considered a positive performance given that the global economy continues to be affected by geopolitical tensions, trade fluctuations, and slow growth trends in many major economies.

In terms of revenue structure, domestic revenue continued to play a leading role, reaching VND 974,276 billion, equivalent to 44.29% of the annual budget estimate. Revenue from crude oil reached VND 16,938 billion, equivalent to 39.39% of the budget estimate; revenue from import and export activities reached VND 110,847 billion, equivalent to 39.87% of the budget estimate after value-added tax refunds.

This result shows that domestic production and business activities continue to maintain a relatively positive recovery momentum. At the same time, it also reflects the increasingly clear effectiveness of budget revenue management, administrative procedure reform, and modernization of financial and treasury operations in recent times.

Notably, in addition to ensuring the progress of budget revenue collection, the State Treasury system also continues to maintain the smooth operation of payment systems and coordinate revenue collection with the commercial banking system.

Accordingly, in the past month, the State Treasury continued to implement activities coordinating the collection of state budget revenue and electronic bilateral payments with commercial banks; at the same time, it conducted testing and upgraded the budget revenue management application to meet new requirements according to current regulations.

The expansion of electronic payments and their interconnection with the banking system is contributing to shortening transaction times and facilitating citizens and businesses in fulfilling their budgetary obligations. More importantly, this process also helps to enhance transparency, accountability, and oversight in state budget management.

With the increasing scale of budget transactions, the need for fast, accurate, and secure processing of budget funds has become more important than ever. This requires the State Treasury system not only to ensure stable operational capacity but also to continuously upgrade its technological infrastructure and standardize management processes.

Ensuring a smooth flow of budget expenditures.

In addition to maintaining a positive pace on the revenue side, the State Treasury system is also playing a crucial role in ensuring the flow of budget expenditures to serve socio-economic development.

By the end of April 2026, the entire State Treasury system had processed payments for recurrent expenditures totaling VND 415,675 billion, equivalent to 23% of the 2026 recurrent expenditure budget of the state through the Treasury system.

Alongside the task of managing recurrent expenditures, the disbursement of public investment funds continues to be a focus of implementation. As of April 30, 2026, the cumulative disbursement of public investment funds under the 2026 plan through the Treasury system reached VND 110,233.1 billion, equivalent to 11.9% of the capital plan allocated by the National Assembly and the Prime Minister through the State Treasury system. Of this, domestic capital reached VND 108,932.2 billion; foreign capital reached VND 1,301 billion.

Regarding public investment funds carried over from the previous year to 2026, the State Treasury system has disbursed 6,866.9 billion VND, equivalent to 8.9% of the carried-over capital plan.

Although the disbursement rate of public investment is still lower than expected, in the context of many projects still facing obstacles related to investment procedures, land clearance, and payment documentation, maintaining a stable payment flow remains crucial for the progress of construction projects.

According to the State Treasury, the system is working closely with investors and project management boards to resolve difficulties in the disbursement of funds, expedite the processing of documents, and enhance monitoring and risk warning during expenditure control.

In the coming months, the State Treasury will continue to require units to strictly monitor the receipt and processing of payment documents; preventing situations where documents are processed late, payments are made to the wrong account, the wrong amount is made, or duplicate payments occur.

Notably, the system also continues to coordinate with investors to review and recover overdue or expired advance payments for capital construction projects, in order to improve the efficiency of public investment capital utilization.

In the context of increasingly demanding fiscal management requirements, especially as the Government aims for a growth rate of 10% or higher in 2026, ensuring a smooth flow of budget funds is particularly important for macroeconomic stability and promoting investment and development.

It can be seen that, along with the modernization of financial and treasury operations, the expansion of electronic payments, and the strengthening of budget capital flow control, the State Treasury system continues to affirm its role as one of the important "operational infrastructures" of the national financial system, contributing to creating a stable foundation for economic growth in the new period.

Source: https://daibieunhandan.vn/giu-vung-mach-chay-ngan-sach-cho-tang-truong-10417260.html