Long An: State budget revenue reached nearly 11,000 billion VND in the first 6 months of 2021

Budget collection was strongly directed by the province at the beginning of the year and achieved good results. Credit activity is stable, bad debt ratio is under control.

Total state budget revenue reaches nearly 11,000 billion VND in the first 6 months of 2021

Of nearly 11 trillion VND, domestic revenue is 8,680 billion VND, reaching 71.3 percent of the central estimate, reaching 68.9 percent of the estimate assigned by the Provincial People's Council, reaching 51.9 percent of the striving estimate and increasing by 30.9 percent over the same period (only the lottery revenue was 942 billion VND, reaching 66.3 percent of the central estimate, reaching 62.8 percent of the estimate assigned by the Provincial People's Council and increasing by 10.0 percent over the same period). Import and export tax revenue is 2,200 billion VND, reaching 73.3 percent of the estimate assigned by the Central Government and the Provincial People's Council, up 69.1 percent over the same period.

Total local budget expenditure is estimated in the first 6 months of 2021 to reach 6,378 billion VND, reaching 47.5 percent of the central estimate, reaching 46.1 percent of the estimate assigned by the Provincial People's Council, equaling 90 percent of the same period. Of which, expenditure on development investment is 2,564 billion VND, equaling 87 percent of the same period; recurrent expenditure is 3,276 billion VND, equal to 94 percent over the same period.

In addition, Long An has well implemented solutions to support borrowers affected by the Covid-19 epidemic and drought and saltwater intrusion. Mobilized capital reached 81,025 billion VND, an increase of 4,730 billion VND, an increase of 6.20 percent compared to the beginning of the year. Total outstanding loans reached 90,950 billion VND, an increase of 8,992 billion VND, an increase of 10.97 percent compared to the beginning of the year.

According to the assessment, outstanding loans in the first 6 months of the year increased quite high, showing that all economic sectors are actively putting capital into production, business and consumption, creating momentum for economic growth. The bad debt ratio of credit institutions accounted for 0.59 percent (according to the orientation of the State Bank of Vietnam, striving to bring the bad debt ratio on the balance sheet below 3 percent)./.

By Thanh My – Translated by Duc Tam

Source: https://baolongan.vn/long-an-thu-ngan-sach-nha-nuoc-dat-gan-11-000-ti-dong-trong-6-thang-dau-nam-2021-a117013.html