Good news for budget collection

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In 2025, the estimated state budget revenue in the province assigned by the Ministry of Finance is 3,738 billion VND; the estimated budget revenue assigned by the Provincial People's Council is 5,500 billion VND; the budget revenue scenario approved by the Provincial People's Committee is 7,000 billion VND (including: balanced revenue of 3,122 billion VND, land use fee revenue of 3,138 billion VND, lottery revenue of 40 billion VND, import-export revenue of 700 billion VND).

To complete the plan, from the beginning of the year, the Provincial People's Committee has focused on leading and directing functional departments, branches and localities to drastically implement budget collection solutions, along with continuing to promptly and effectively organize the implementation of key solutions to improve the investment and business environment, improve the provincial competitiveness index, administrative reform index, create all favorable conditions to promote and improve the efficiency of production and business activities of enterprises, create stable and sustainable revenue sources for the State budget...; proactively assess favorable and difficult factors to issue a budget collection scenario with a total revenue of 7,000 billion VND in 2025; establish a Working Group to guide, remove difficulties, and urge budget collection in 2025, headed by leaders of the Provincial People's Committee...

Thanks to many innovations and efforts in management, the total state budget revenue in the first 3 months of the year of the province reached more than 1,339 billion VND, equal to 35.8% of the central budget estimate and 24.4% of the provincial People's Council's estimate. Of which: revenue from import-export activities reached 123.4 billion VND, equal to 27.4% of the central budget estimate and 20.6% of the provincial People's Council's estimate; balanced revenue (excluding one-time land rent) reached 676.5 billion VND, equal to 30.7% of the central budget estimate and 25.9% of the provincial People's Council's estimate; land use fee revenue reached 309.8 billion VND, equal to 29.5% of the central budget estimate and 13.8% of the provincial People's Council's estimate; revenue from lottery activities reached 9.8 billion VND, equal to 27.3% of the central budget estimate and the provincial People's Council's estimate.

This figure not only far exceeds the proposed scenario at 141.4% but is also 175.6% higher than the same period last year, in which 12/16 revenue items increased compared to the same period and scenario, creating a premise to complete the budget revenue scenario for March and the second quarter of 2025. However, the policies of 2% VAT exemption and reduction until June 30, 2025, environmental protection tax reduction until the end of 2025; unfavorable weather conditions in the first months of the year (deep cold, drought, prolonged low rainfall) affect the production and business activities of a number of industries such as: livestock, crop cultivation, hydroelectric power generation.

Although some businesses affected by storm No. 3 have actively overcome the difficulties, they still face many difficulties and need time to resume production. Some businesses have stopped exploiting natural resources due to the expiration of their exploitation term and are in the process of extending the term; some land funds were auctioned but there were no customers participating, which also hindered the flow of revenue to the province.

Comrade Nguyen Tuan Anh - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee said: In the second quarter and the remaining months of 2025, the socio -economic situation is forecasted to continue to face many difficulties and challenges such as: trade war, complicated weather conditions, tax exemption and reduction policies are still in effect.

Therefore, Yen Bai continues to synchronously and effectively implement tasks and solutions on socio-economic development in general, and budget collection scenarios in particular according to the conclusions and directions of the Provincial Party Committee; promote administrative reform, enhance digital transformation associated with budget collection tasks in all areas according to Resolution No. 51 of the Yen Bai Provincial Party Committee on digital transformation of Yen Bai province in the period of 2021-2025, with a vision to 2030, as well as proactively study central regulations to focus on budget collection for online business areas; promote calling for and attracting investment; strengthen dialogue, answer questions and make recommendations to proactively remove difficulties for businesses; improve the effectiveness of trade promotion, investment promotion, tourism promotion ... to promote production and business development, creating sustainable revenue sources for the budget. Sectors, units and localities regularly monitor the development of their budget revenue, grasp revenue sources, proactively develop plans to compensate for affected sources to ensure that the total revenue of each sector and locality is completed according to the scenario...

With practical solutions and determination in implementation, we believe that from now until the end of the year, Yen Bai will collect budget revenue according to the schedule and scenario set out.

Quang Thieu

Source: https://baoyenbai.com.vn/12/349384/Tin-hieu-vui-thu-ngan-sach.aspx