HCMC state budget collection halved


In the first six months of 2021, the city raised around 1.8 trillion VND ($ 78.8 million) per day on average.

Yet in July and August, daily budget revenue fell to just VND 700 billion and in September it fell further to VND 600 billion, which means a 50% drop from normal, the officials said. city ​​leaders at a meeting of a delegation from the National Assembly recently.

City vice president Vo Van Hoan said the city and its businesses face many challenges and the southern metropolis may not be able to meet its budget collection target.

In its latest report on socio-economic conditions, the General Statistical Office of Vietnam assessed that the pandemic had developed in a very complicated way over the past three months, strongly affecting all aspects of daily life and the population. trade.

The office estimated that in the first nine months, HCMC raised more than 279 trillion dong ($ 12.27 billion), reaching 76.5 percent of the target.

During this period, the city’s total retail sales of consumer goods and services remained at over 363.3 trillion dong, down 17.4% from the same period, of which the incomes of accommodation and food services sectors fell 30.5% and tourism, 56.2%.

Total social investment capital fell more than 29% to over 220.3 trillion dong.

The Consumer Price Index (CPI), a measure that examines the weighted average of the prices of a basket of consumer goods and services, such as transportation, food and health care, increased by 2.57 % compared to last year.

The government has tasked HCMC with generating 365 trillion VN in budget revenue this year, counting only working days, which means it must earn around 1.5 trillion VND per day.

HCMC generated budget revenues of 410 trillion dong in 2019, or around 27% of the national figure and 3.3% above the target.

Last year, due to the impact of the pandemic, he only reached 91.5% of the goal, earning VND 371 trillion.

The population of HCMC represents 9.5% of the country’s 96 million inhabitants, while its active population represents 8.2% of the national total, but for several years now it has repeatedly been the largest generator of money. , contributing 25 to 27% of the annual state budget. collection on average.

After spending 120 days under different levels of social distancing, the strictest being enforced in July and August, HCMV essentially brought the Covid-19 epidemic under control and began to reopen on October 1, resuming almost all socio-activity. -economic.

HCMC was granted autonomous decision-making powers in September 2017 to help it develop to its full potential. As a result, the city may increase and add additional fees and charges to increase its budget revenue.

Its senior officials had asked the central government in 2019 and 2020 to let the city keep more of what it earns to pay for infrastructure development, as it was only allowed to use 18% of its own collection. budget so far.


Leave A Reply