State corporations and companies withdrew VND2,086 billion in capital from non-core business lines and collected back VND4,168 billion in the first five months of 2016.
The State Capital Investment Corporation (SCIC) alone withdrew VND985 billion and gained VND2,817 billion, according to the Ministry of Finance (MoF).
The total State budget revenues in the five months reviewed was estimated at VND396,200 billion, accounting for 39.1 per cent of the year’s plan and a year-on-year increase of 4.5 per cent.
Meanwhile, the total State budget spending reached VND466,300 billion, making up 36.6 per cent of the year’s estimates, up 4.7 per cent against the same period in 2015.
As a result, the State budget deficit is estimated to reach VND70,000 billion, equivalent to 27.6 per cent.
By May 20, e-tax payment services were provided in all 63 cities and provinces across the country. More than 535,000 businesses, or 99.59 percent of the total number, have declared tax online while more than 492,000, or 91.58 percent, have registered to pay taxes online.
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