National Assembly passes 2027 state budget plan
Hanoi, Nov. 9 -- The National Assembly (NA) on November 9 approved a resolution on the 2027 state budget estimates, setting total revenue at over 3.334 quadrillion VND (over 130.6 billion USD) and total expenditure at almost 4.074 quadrillion VND, with a projected budget deficit equivalent to 4.5% of GDP. The resolution was passed with 471 votes in favour, or 94.2% of the total number of NA deputies. Under the resolution, central budget revenue is targeted at nearly 1.776 quadrillion VND, while local budget revenue at nearly 1.559 quadrillion VND. Central budget spending is set at more than 2.364 quadrillion VND and local budget expenditure at about 1.709 quadrillion VND. The state budget deficit is set at 739.597 trillion VND, equivalent...
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