The Vietnamese government has allocated VND17.49 trillion (US$752.5 million) for the Covid-19 fight and to support those affected by the pandemic, according to the Ministry of Finance (MoF).

Of this amount, VND4.92 trillion (US$212.2 million) was used for various expenses related to healthcare workers, staff, and individuals in mass quarantine. An additional VND12.57 trillion (US$542.2 million) was provided to directly assist 12.65 million people impacted by the Covid-19 crisis.

Furthermore, approximately 16,200 tons of rice from national reserves were distributed to inhabitants of provinces and cities affected by natural disasters.

In the first nine months of 2020, state budget revenue reached VND975.3 trillion (US$42.4 billion), equivalent to 64.5% of the projected amount and down 11.5% from the previous year. This figure includes VND812.4 trillion (US$35.04 billion) in domestic revenue, meeting 64.3% of the yearly estimate, but showing an 8.3% decrease compared to the previous year.

However, revenue from crude oil experienced a sharp decline of 36.9% from the previous year, amounting to VND27.5 trillion (US$118.6 million), which fulfilled 78.2% of the year’s plan. Customs revenue also declined by 20.1% to VND134.55 trillion (US$580.4 million), or 64.7% of the estimate.

State budget expenditures totaled VND1,113.7 trillion (US$48.04 billion), which is 63.7% of the estimated amount and an 8.1% increase from the previous year. Capital expenditure accounted for 57.2% of the estimate, surpassing the disbursed amount from the same period last year but falling short of expectations.

Debt payment amounted to nearly VND80.7 trillion (US$3.48 billion), or 68.3% of the estimate and a 5.6% decrease from the previous year. Regular spending reached VND756.9 trillion (US$32.65 billion), or 71.6% of the estimate, representing a 3.2% increase.

During the year up to September 25, the MoF issued government bonds worth nearly VND223.34 trillion (US$9.63 billion).

(Source: Hanoitimes)