Approval on the state budget estimate for 2023 in Vietnam

Le Truong Quoc Dat

14:11, 30/11/2022

The National Assembly of Vietnam passed Resolution 69/2022/QH15 dated Nov 11, 2022 on the state budget estimate in 2023.

According to Vietnam's Resolution 69/2022/QH15, the state budget estimate for 2023 in Vietnam is approved as follows:

- Total state budget revenue is VND 1,620,744 billion (one million, six hundred and twenty thousand, seven hundred and forty-four billion VND).

- Total state budget expenditure is 2,076,244 billion dong (two million, zero hundred and seventy-six thousand, two hundred and forty-four billion dong).

- The state budget deficit is 455,500 billion VND (four hundred and fifty-five thousand, five hundred billion dong), equivalent to 4.42% of the gross domestic product (GDP), including:

+ Central budget deficit is 430,500 billion VND (four hundred and thirty thousand, five hundred billion dong), equivalent to 4.18% of GDP;

+ Local budget deficit is VND 25,000 billion (twenty-five trillion VND), equivalent to 0.24% of GDP.

- The total loan amount from the state budget is 648,213 billion dong (six hundred and forty-eight thousand, two hundred, and thirteen billion).

More details can be found in Vietnam's Resolution 69/2022/QH15 passed on November 11, 2022.

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