Revenues of the central budget is estimated to account for 52.36 per cent of total budget collection, equivalent to 739.13 trillion VND ($32.33 billion), while 47.64 per cent, or 627.57 trillion VND ($27.45 billion) will be collected for local budget, according to Vietnamese media reports.
This year, two more localities are expected to contribute to the central budget, raising the number of such localities to 18.
Other macro-economic indices for 2022 include a GDP growth of 6-6.5 per cent, average consumer price index (CPI) rise of about 4 per cent, total export revenue expansion of about 5.4 per cent, and total social development investment accounting for about 32-34 per cent of the GDP.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!