State budget revenue in the first 6 months of 2023 reached 54% of the estimate

On the morning of July 13, the Ministry of Finance held an online conference to evaluate the implementation of financial and state budget tasks in the first 6 months of the year and solutions to implement tasks in the last 6 months of 2023. Comrade Le Minh Khai, Secretary of the Party Central Committee, Deputy Prime Minister attended and directed the conference. Attending the conference at the Thai Binh bridge point was Comrade Lai Van Hoan, member of the Provincial Party Committee, Vice Chairman of the Provincial People's Committee.

Comrade Lai Van Hoan, Provincial Party Committee member, Vice Chairman of the Provincial People's Committee and delegates attended the conference at Thai Binh bridge.

In the context of many difficulties, in the first 6 months of 2023, the financial sector has focused on implementing the work of building and perfecting institutions, policies, and projects; improving the effectiveness and efficiency of state management, tightening discipline and order in the financial sector - State budget; at the same time, proactively and flexibly operating fiscal policies, promptly issuing and organizing the implementation of fiscal policies to support the economy, remove difficulties for businesses and people, stabilize the macro-economy, control inflation, promote growth, and ensure social security. Total state budget revenue reached nearly 876 trillion VND, reaching 54% of the estimate; of which domestic revenue reached 53.9% of the estimate, down 4.7% over the same period in 2022; Budget revenue from import and export activities reached 52.9% of the estimate, down 20.6% over the same period in 2022. Total state budget expenditure is estimated at nearly VND 805 trillion, equal to 38.8% of the estimate; of which development investment expenditure is estimated at 29.7% of the estimate. Implementing fiscal policies to support the economy and remove difficulties for taxpayers, in the first 6 months of 2023, tax authorities at all levels have exempted, reduced and extended taxes estimated at about VND 70.3 trillion; of which about VND 28.3 trillion was exempted and reduced and about VND 42 trillion was extended. Along with that, the financial sector has also strengthened management and strictly controlled public debt, continued restructuring towards safety and sustainability; regulated prices and markets in accordance with the actual situation; Promote administrative reform, digital transformation, build e-Government, reorganize the apparatus to be streamlined, operate effectively and efficiently...

Based on forecasts of the situation in the coming time, at the conference, delegates focused on discussing solutions to implement tasks in the last 6 months of the year, focusing on a number of topics such as: administrative reform, solutions on fiscal and monetary policies, perfecting the legal framework, inspection and monitoring mechanisms for market prices, and controlling public debt...

In his speech, Deputy Prime Minister Le Minh Khai acknowledged the determination and proactive implementation of solutions by the financial sector in managing and operating the budget to ensure macroeconomic stability, control inflation, and promote economic growth. He requested that in the coming time, each ministry, sector, and locality closely follow the Government's management theme in 2023, which is "Solidarity, discipline, flexibility, innovation, timeliness and effectiveness"; on that basis, proactively, creatively and flexibly implement solutions and tasks for socio-economic development; focus on timely and focused implementation of solutions on fiscal and monetary policies to remove difficulties for businesses and people. At the same time, he requested that the financial sector continue to update plans and scenarios for management to have appropriate implementation solutions in the coming time; continue to review, research, develop, amend, supplement, and perfect the legal system on state budget revenue and expenditure; Research and propose fiscal support policies and solutions that do not affect the safety of the Government's public debt; focus on effectively implementing issued fiscal policies, especially policies on extending, exempting and reducing taxes, fees and land rents, combined with monetary policies and other macroeconomic policies to support the economy; resolutely carry out the tasks of state budget revenue and expenditure, strictly control the deficit; continue to control public debt within the scope permitted by the National Assembly; effectively deploy solutions for price management and operation, price stabilization in the market, especially for essential goods and services, to stabilize consumer psychology; review, cut and simplify administrative procedures, apply digital transformation in tax management, especially for food and beverage services...

Minh Huong

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