According to the ministry, state budget collection in April was estimated to reach VND 133.9 trillion.

Domestic revenue reached 111.6 trillion VND, pushing the four-month figure to VND 424.96 trillion, up 14 percent year-on-year.

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Photo for illustration: Tax payment information in Hue city of Thua Thien - Hue province

Collection from crude oil was 4.7 trillion VND last month, raising the total amount collected in four months to VND 18.29 trillion, equivalent to 41 percent of the yearly target.

Besides, collection from import-export activities was estimated to reach VND 17.2 trillion in April and VND 73.9 trillion in four-month period.

According to the ministry, high growth has been recorded in several sectors so far this year. Firms’ tax payments saw positive signs in almost all economic sectors in the first four months of 2019.

The majority of localities – 52 out of 63 – reported their domestic collection as reaching set estimates.

State budget spending reached VND 114.2 trillion in April and VND 429.8 trillion in the first four months of this year.

Government bonds worth VND 82 trillion were issued in January-April, ensuring supply for spending and debt payment.

In April, the Government paid about VND 13.06 trillion for debts, including about VND 11.22 trillion in domestic debts and about 1.73 trillion of foreign debts. As a result, in the first four months of this year, about VND 113.62 trillion of debt was paid off, about 17.31 trillion of which was for foreign debts.

Source: VNA