It is estimated that in 2012 Vietnam budget will see a shortfall of 140.2 trillion dong. This will be 25 percent more than 2011 and amount for 4.8 percent of the 2012 GDP that has been estimated at 2,920 trillion dong.
Vietnam Budget 2012 – Highlights and Possible Impact:
The Ministry of Finance, Vietnam expects it will earn aggregate revenues and receive external aid, amounting to 740.5 trillion dong in 2012.
This will be 10 percent more than the earnings for the 2011 fiscal.
The national government estimates to earn 698 trillion dong through different fees and taxes. This will be an addition of 12 percent from 2011 fiscal and comprise 94 percent of the aggregate state budget.
The government is expected to spend approximately 853 trillion dong in 2012. This figure does not include the principal debts and is 16 percent more than the present fiscal.
The government will spend 180 trillion dong for improving the investment facilities.
This will be an addition of 3 percent from the 2011 fiscal. Regular expenses will amount to 651 trillion dong this will be 22 percent more than the present financial year.
Vietnam Budget 2011 Information:
It is estimated that in 2011 the Vietnam government will earn revenues and receive external aids amounting to 674.5 trillion dong. This will be 28 percent more than the 2010 fiscal. The Ministry of Finance estimates that this will be 13 percent more than the estimates for the year.
In 2011 Vietnam is supposed to earn almost 625 trillion dong from various taxes and fees. This will account for 92 percent of the total revenues for this fiscal. This will be 12 percent more than the estimates for that year and 28% more than 2010 fiscal.
In 2011 the government will spend 732.5 trillion dong but this figure does not include the payments made towards the principle debts of the government. This amount will be 8 percent more than the governmental estimates and 25% more than the money spent in 2010 fiscal.
The government will spend 175 trillion dong for developing the investment facilities. This is 17 percent more than 2010 fiscal and 15% more than the estimates of the national administration.
The regular expenditure of the government in 2011 has been estimated at 535 trillion dong at least. This will take up 73 percent of the aggregate budget for this year and will be 5% more than what the government had previously calculated. Compared to the amount spent in 2010 fiscal this is an addition of 25%.
The government will spend almost 63.4 trillion dongs for paying its principal debts. It will be 30 percent more than the government estimates for the year and 17% more than the previous fiscal.
As per the estimates of the Ministry of Finance, Vietnam will experience a budgetary shortfall of 111.5 trillion dong, which will be equivalent of 4.9 percent of the GDP. This, though, will be lesser than the targeted 5.3% set earlier by the National Assembly.
It is estimated that Vietnam s GDP will amount to 2,275 trillion dong in 2011.