2022 budget settlement increased by 28.8% compared to the estimate

People conduct transactions at the Ho Chi Minh City Tax Department

According to the Ministry of Finance , the estimated state budget revenue in 2022 is 1,413,408 billion VND; the final settlement is 1,820,310 billion VND, an increase of 28.8% (406,902 billion VND) compared to the estimate, the state budget mobilization rate reaches 19.1% of GDP, tax and fee revenue alone reaches 15.16% of GDP.

Of which, the estimated domestic revenue is 1,178,408 billion VND, the finalized revenue is 1,447,915 billion VND, an increase of 22.9% compared to the estimate. Of the domestic revenue, 10/12 revenue items exceeded the estimate, notably the revenue from 3 economic sectors in 2022 increased significantly compared to the estimate: revenue from the state-owned enterprise sector increased by 13.3%, revenue from the foreign-invested enterprise sector increased by 18.2%, revenue from the non-state economic sector increased by 21.7% compared to the estimate.

However, in 2022, 2/12 domestic revenue items did not meet the estimate, including environmental protection tax decreased by 27.8% compared to the estimate due to the implementation of the policy of reducing environmental protection tax collection by 50% for gasoline, oil, grease, and jet fuel; capital recovery, dividend collection, profit, profit after tax, and revenue and expenditure difference of the State Bank decreased by 16.5% compared to the estimate, due to the recovery of state budget capital invested in economic organizations only reaching 3,848 billion VND due to the progress of equitization and divestment of state capital in enterprises being slower than planned.

Besides, the estimated state budget expenditure in 2022 is 1,855,641 billion VND; the final settlement is 1,750,790 billion VND, down 5.7% compared to the estimate.

The Ministry of Finance said that, in fact, the state budget revenue in 2022 increased higher than the estimate due to many reasons. Accordingly, in addition to the efforts of the financial sector, an important reason is the leadership of the Party, close supervision of the National Assembly, close and timely direction of the Government and Prime Minister; the drastic participation of the entire political system, authorities at all levels from central to local; and the efforts of the business community and people.

In addition, the proactive and active implementation of fiscal policies, synchronous and timely implementation of solutions for management and operation of budget revenue and expenditure, thorough savings, tightening of financial and budgetary discipline, actively contribute to the completion of socio-economic development goals and tasks.

TH (According to Tin Tuc newspaper)

Source: https://baohaiduong.vn/quyet-toan-ngan-sach-nam-2022-tang-28-8-so-voi-du-toan-388248.html