Long An: State budget revenue reaches over 9,500 billion VND in 5 months

Budget collection has been focused on and directed since the beginning of the year, with good results, stable credit activities and controlled bad debt ratio.

Long An state budget revenue reaches 9,563 billion VND as of May 31, 2021

Total state budget revenue in the province by the end of May 2021 is 9,563 billion VND, reaching 63.05 percent of the central estimate, reaching 61.37 percent of the estimate assigned by the Provincial People's Council, an increase of 40.06 percent compared to that of the same period. In which, domestic revenue was 7,587 billion VND, reaching 62.35 percent of the central estimate, reaching 60.3 percent  of the estimate assigned by the Provincial People's Council, increasing 32.07 percent over the same period.

In addition, spending budget is also strictly implemented, in accordance with regulations, the total local budget expenditure is 5,038 billion VND as of May 31, 2021.

In addition, the province has well implemented solutions to support borrowers affected by the Covid-19 epidemic and drought and salinity intrusion. The mobilized capital reached 78,965 billion VND, up 3.5 percent compared to the beginning of the year. Total outstanding loans reached 89,667 billion VND, up 9.41 percent compared to the beginning of the year. The bad debt ratio of credit institutions accounted for 0.63 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 Luc Nguyen – Translated by Duc Tam

Source: https://baolongan.vn/long-an-5-thang-thu-ngan-sach-nha-nuoc-dat-tren-9-500-ti-dong-a115822.html