HÀ NỘI – The pressure on the budget deficit will likely increase in the remaining months of this year due to the anticipated rapid rise of investments in capital construction. Although budget deficit dropped by VNĐ1.135 trillion against the same period last year, NFSC said that budget deficit would expand in the remaining months as investments in capital construction were rapidly rising. The ministry’s statistics revealed budget collection in August totalled VNĐ69.49 trillion, falling by VNĐ28.9 trillion from the previous month. State revenue totalled VNĐ649.46 trillion in the first eight months, or 64 per cent of the estimate. The finance ministry said it would improve budget collection in the remaining months of this year by tightening tax management, especially tax arrears.

Source: Viet Nam News September 07, 2016 02:03 UTC