The data was announced at a conference in Hanoi on Thursday reporting 2020 financial activities.
By the end of Wednesday, budget overspending and public debts were recorded at 4.2% of the GDP and 55.9% of the GDP respectively.
Finance Minister Dinh Tien Dung said at the event, “The achievement in 2020 is positive as we have suffered serious impacts from natural disasters, epidemics, proving the solidarity and efforts of the entire political system. The results are an essential premise for us to enter 2021 which is the beginning of the next 5-year plan and 10-year strategy on socio-economic development.”
- Finance Minister clarifies socio-economic, budget issues
- State budget revenue equal to 98% of annual target
- State budget collection tops over VND975 trillion in nine months
- State budget collection tops over 975 trillion VND in nine months
- Ten-month state budget collection meets over 90% of estimate
- NA Approves Resolution on 2019 State Budget Balance
- Struggling to balance State budget
- The fourth consecutive year the State revenue surpassed the estimate
- VPBank and State Treasury co-operate in State budget collection
- Minimum wage will not be raised in 2021 because of tight budget