Vietnam pays US$10.5-billion debt as of mid-December

Created 30 December 2017
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HCMC – Vietnam had spent VND238 trillion (nearly US$10.5 billion) to pay debt, including VND147.6 trillion in principals and VND91 trillion in interest, as of mid-December, according to data of the General Statistics Office (GSO).

Kết quả hình ảnh cho Việt Nam trả 10.5 tỷ USD nợ vào giữa tháng 12

This is part of the State budget expenditure that totaled more than VND1,210 trillion as of mid-December. The State also spent VND862 trillion on regular expenditures and VND259 trillion on development investments.

On the other hand, State budget revenues in the year to mid-December reached more than VND1,100 trillion, meeting 91.1% of the full-year target. Domestic revenues contributed the most to the State budget with more than VND871 trillion, followed by import and export taxes with VND183.8 trillion, and crude oil exports worth VND43.5 trillion.

According to GSO, tax collections from industry, trade and service contributed VND167.5 trillion to the State budget, while foreign-invested and State-owned enterprises contributed nearly VND154 trillion (excluding crude oil) and VND196.5 trillion respectively.

The budget deficit is estimated at VND115.5 trillion as of mid-December.

According to a debt payment plan released in May, the Government had plans to borrow more than VND342 trillion (US$15 billion) to pay debts this year, US$5 billion less than that of last year.

The money mainly comes from domestic sources with VND243.3 trillion, and official development assistance (ODA) and foreign preferential loans with nearly VND98.8 trillion. Some VND172.3 trillion is used to cover the budget deficit while VND144 trillion used for loan principal payment, VND316.3 trillion for budget allocation and nearly VND25.8 trillion for on-lending.

 

Source: ThesaigonTimes

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