State budget revenue in the first quarter of 2026 increased by 10.2%.

According to the Ministry of Finance, total state budget revenue in the first quarter of 2026 is estimated at 820 trillion VND, equivalent to 32.4% of the annual forecast and an increase of 10.2% compared to the same period in 2025. Of this amount, central government revenue reached approximately 32.6% of the forecast, while local government revenue reached approximately 32.3% of the forecast.

Car assembly at the Hyundai Thanh Cong factory (Thanh Cong Ninh Binh Automobile Joint Stock Company) in Gian Khau Industrial Park, Ninh Binh province. Photo: Vu Sinh/TTXVN

Accordingly, domestic revenue, with estimated revenue in the first quarter reaching 738.6 trillion VND, equivalent to 33.6% of the projected figure and an increase of 12.2% compared to the same period last year. However, compared to the 37% increase in the same period of 2025, the growth rate of domestic revenue this year has decreased significantly.

The Ministry of Finance stated that the main reason stems from the inherent difficulties of the economy. Domestic consumer demand in the first two months of 2026 recorded the lowest growth compared to the same period in the last four years. Total retail sales of goods and consumer service revenue are estimated to increase by 7.9%, lower than in the years 2023-2025.

In addition, many businesses, especially small businesses, still face difficulties with cash flow and access to capital for production and business operations. The international geopolitical situation also has a significant impact. Conflicts in the Middle East since the end of February have disrupted global energy supplies, driving up oil prices, leading to increased production costs and affecting business operations.

Against this backdrop, the Politburo, the Government, and the Prime Minister have directed the implementation of numerous fiscal measures to support the economy, such as reducing MFN import tariffs, environmental protection taxes, value-added tax, special consumption tax, and several other fees. These policies help stabilize the market and support businesses, but are also expected to reduce budget revenue in the coming period. In the first quarter, the total amount of tax, fee, and levy exemptions and reductions to support businesses and people is estimated at approximately 43.6 trillion VND.

Meanwhile, total expenditure is estimated at 529.8 trillion VND, equivalent to 16.8% of the budget estimate and an increase of 23.1% compared to the same period last year.

In the coming period, the finance sector will continue to strengthen revenue management, combat revenue loss, and expand the tax base. The application of digital technology in tax management, control of e-commerce activities, and the digital economy is considered an important solution to ensure accurate and sufficient revenue collection for the state budget, while enhancing transparency and creating a level playing field for businesses.

Source: https://baotintuc.vn/kinh-te/thu-ngan-sach-nha-nuoc-quy-i2026-tang-102-20260401185424279.htm