Total central budget revenue and expenditure in 2024 in Vietnam

Total central budget revenue and expenditure in 2024 in Vietnam

Total central budget revenues and expenditures in 2024 are specifically mentioned as follows:

- Total central budget revenue is 852,682 billion VND (eight hundred fifty-two thousand, six hundred eighty-two billion VND).

Total local budget revenue is 848,305 billion VND (eight hundred forty-eight thousand, three hundred and five billion VND). Revenue transferred from salary reform of the local budget until the end of 2023 and the remaining balance transferred to the 2024 budget allocation of some localities is 19,040 billion VND (nineteen thousand, not hundred and forty billion VND) to implement a base salary of 1.8 million VND/month.

- Total central budget expenditure is 1,225,582 billion VND (one million, two hundred twenty-five thousand, five hundred eighty-two billion VND), of which the estimate is 426,266 billion VND (four hundred twenty-six thousand, two hundred sixty-six billion VND) to supplement the budget balance (including a 2% additional balance increase compared to the 2023 state budget estimate) and targeted supplementation for local budgets (including a targeted supplement for some localities to ensure that the local budget balance estimate for 2024 is not lower than the local budget balance estimate for 2023).

Central budget allocation in 2024 in Vietnam

The central budget allocation for 2024 is prescribed as follows:

- Allocating the central budget in 2024 according to each field and details for each ministry and central agency according to Appendices I, II, III, and IV attached to Resolution 105/2023/QH15.

- Allocating the 2024 central budget funds for implementing 03 National Target Programs for each Ministry, central agency, province, and centrally run city according to Appendix V attached to Resolution 105/2023/QH15.

- Additional budget balancing amounts and targeted additional amounts from the central budget to local budgets according to Appendices VI and VII attached to Resolution 105/2023/QH15.

- Level of overrevenue, level of borrowing to cover overspending, and borrowing to repay the principal of the local budget according to Appendix VIII attached to Resolution 105/2023/QH15.

More details can be found in Resolution 105/2023/QH15, taking effect on December 25, 2023.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE