Land use fee collection in 6 months is about to reach the yearly target

Although the first 6 months of the year have only ended, according to the Ministry of Finance, many revenues and taxes have reached 70% of the estimate, typically land use fee collection is about to reach the year's target.

Land use fee revenue in the first six months of the year is nearly equal to the full-year forecast, 2.5 times higher than the same period last year - Photo: LE THANH

In its report on budget revenue collection in the first half of the year, the Ministry of Finance stated that revenue collection was quite good; foreign direct investment (FDI) attraction increased, and the financial and monetary markets remained stable. The disbursement of investment capital showed improvement, with the implementation of key national projects unlocking resources and creating momentum for growth.

However, the economy still faces many difficulties and challenges. These include slow growth in domestic demand, the continued complexity of smuggling, trade fraud, and counterfeit goods; fluctuations in exchange rates and gold prices; and risks of natural disasters and epidemics.

Regarding the implementation of state budget revenue collection, the Ministry of Finance reported that it reached 1,332.3 trillion VND, equivalent to 67.7% of the projected target, an increase of 28.3% compared to the same period in 2024.

Of this total, domestic revenue reached 1,158.4 trillion VND; revenue from crude oil reached 24.6 trillion VND; and budget revenue from import and export activities reached 148.7 trillion VND.

Most notably, domestic revenue collection in the first six months of this year, despite being only halfway through the year, has already reached nearly 70% of the annual forecast.

Specifically, the largest contribution to domestic revenue came from the non-state economic sector with 258,739 billion VND, equivalent to 70% of the annual forecast.

Compared to the three economic sectors, revenue from the private sector exceeds the total revenue from the state-owned enterprise sector and the foreign-invested enterprise sector.

Next is land use fee collection, totaling 243,644 billion VND. In terms of growth, land use fee collection has reached 96% of the projected target, nearly reaching the annual goal despite only six months having passed. Compared to the same period last year (which reached over 91,300 billion VND), land use fee collection in the first half of this year is 2.6 times higher.

Among various tax categories, personal income tax revenue topped the list with 125,054 billion VND, equivalent to 69.3% of the projected amount.

In addition, revenue from lottery operations in the first half of this year was also quite high, reaching 32,195 billion VND, equivalent to 65.3% of the projected target.

Compared to the same period last year, revenue from most tax categories and types in the first half of this year exceeded expectations by 20-70%, and revenue from land use fees even doubled.

Regarding budget expenditure, according to the Ministry of Finance's report, the estimated expenditure for the past six months reached 1,102 trillion VND, equivalent to 43.2% of the projected budget.

Of this, development investment expenditures amounted to approximately 268.1 trillion VND. To accelerate the disbursement of public investment capital and strive to achieve 100% of the plan, the Government and the Prime Minister have directed ministries, sectors, and localities to proactively monitor and promptly address obstacles, especially regarding the handover and implementation of projects following the reorganization of the local administrative apparatus.

Review and allocate capital plans in detail to align with implementation progress, prioritizing funding for projects with good progress; strengthen inspection and supervision, and promptly address difficulties.

Regarding interest payments, the Ministry of Finance estimates that they will reach 55.7 trillion VND, ensuring full and timely payment as committed, contributing to strengthening the national credit rating.

Regarding recurrent expenditures, the total is approximately 776,000 billion VND, ensuring the operation of the state apparatus, national defense, security, and social welfare; caring for those receiving salaries, pensions, and social allowances from the budget; and promptly paying benefits and policies to those affected when reorganizing the state apparatus.

LE THANH

Source: https://tuoitre.vn/thu-tien-su-dung-dat-trong-6-thang-sap-can-dich-ca-nam-20250727112457155.htm