Budget revenue reaches $3.6 billion

Government revenue hit VND76 trillion (US$3.62 billion) in April, raising the total revenue in the first four months of this year to VND244.1 trillion ($11.62 billion), the Ministry of Finance said on its website.

This figure represented an increase of 2 per cent year-on-year, equivalent to 29.9 per cent of the estimate for 2013.

In the January-April period, revenue from domestic economic activities was estimated at VND164.29 trillion ($7.89 billion), up 2.9 per cent over the same period last year, while income from oil exports reached VND40.27 trillion ($1.93 billion), up 4.6 per cent.

After VND18 trillion ($864 million) in value-added tax was refunded, revenue from international trade was estimated at VND38.29 trillion ($1.84 billion), or 4.3 per cent year-on-year decrease.

In the four months ending in April, Government spending rose 12.3 per cent to reach VND303.4 trillion ($14.56 billion), resulting in a budget deficit of VND59.3 trillion ($2.85 billion).

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