On November 7, Khanh Hoa Provincial People's Committee held a conference on state budget collection for the first 10 months of 2024 and deployed tasks for the last 2 months of the year.
According to Mr. Vinh Thong - Director of Khanh Hoa Provincial Department of Finance, as of October 31, the total state budget revenue in the area in the first 10 months of 2024 was 17,320 billion VND, exceeding the estimate by 3.8% and increasing by 28.2% over the same period.
Of which, revenue from import-export activities was VND 2,450 billion, exceeding 17.4% of the estimate and increasing 14.3% over the same period; domestic revenue was VND 14,871 billion, exceeding 1.9% of the estimate and increasing 30.8% over the same period.
Revenue from production, business, trade, services and tourism activities reached 88.9% of the estimate, with VND 9,714 billion, up 9.3% over the same period.
Khanh Viet Corporation took the lead with the realized figure of VND 2,671 billion, reaching 86.2% of the estimate and exceeding 4.7% over the same period. Revenue from foreign-invested enterprises was VND 847 billion, reaching 91.1% of the estimate and increasing 30.3% over the same period.
The non-state industrial and commercial sector reached 91.1% of the estimate (VND3,384 billion), up 11.4% over the same period. Personal income tax reached VND1,351 billion, exceeding the estimate by 4% and increasing by 15% over the same period. Lottery revenue reached VND264 billion, reaching 99.7% of the estimate and increasing by 8.9% over the same period.
Revenue from housing and land in the first 10 months of 2024 exceeded 65.2% of the estimate with VND 3,617 billion, 3 times higher than the same period. Of which, the main source was land and water surface rent of VND 2,283 billion, 6 times higher than the estimate and 5 times higher than the same period.
To complete the State budget collection target in the remaining 2 months, the Finance sector has proposed many solutions. Among them, it calls on people and businesses to promote the implementation of electronic invoices; recommends the Department of Natural Resources and Environment to continue to speed up the progress of determining land prices of projects sent to the Department of Finance - the standing agency of the Council to conduct land price appraisal to create revenue for the budget.
Chairman of Khanh Hoa Provincial People's Committee, Mr. Nguyen Tan Tuan affirmed that achieving this encouraging result is the result of great efforts of the locality.
Khanh Hoa's target in 2024 is to achieve double-digit GRDP and total state budget revenue of VND20,073 billion. The budget collection task in the remaining 2 months is VND3,000 billion, an average of more than VND1,500 billion per month, requiring great determination from the financial sector to complete.
Mr. Tuan also proposed to strengthen inspection, examination, and fight against tax losses. Use information technology to promptly detect fraudulent acts.
It is necessary to create a favorable environment for businesses, reform administrative procedures to the maximum extent, maintain regular dialogue with the business community to promptly grasp difficulties and have support plans...
