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MINISTRY OF FINANCE
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Form No. 01/CK-NSNN
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STATE BUDGET BALANCE FOR FISCAL YEAR 2024
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(Executive budget proposal to the National Assembly)
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Unit: VND billion
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NO.
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ITEMS
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BUDGET PLAN 2023
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ESTIMATED ACTUAL 2023
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BUDGET PLAN 2024
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YOY 2024/2023 (1)
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A
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B
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1
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2
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3
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4
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A
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TOTAL STATE BUDGET REVENUE
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1.620.744
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1.620.758
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1.700.988
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105,0
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1
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Domestic revenue
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1.334.244
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1.358.158
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1.444.413
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108,3
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2
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Oil revenue
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42.000
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62.100
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46.000
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109,5
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3
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Net revenue from trade activities
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239.000
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195.000
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204.000
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85,4
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4
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Grants
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5.500
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5.500
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6.575
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119,5
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B
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BUDGET EARMARKS FOR SALARY REFORM CARRIED OVER FROM THE PREVIOUS YEAR
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19.040
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C
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TOTAL STATE BUDGET EXPENDITURE
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2.076.244
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2.035.930
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(1)
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2.119.428
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102,1
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Of which:
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1
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Investment and development expenditure
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726.684
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739.598
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677.349
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93,2
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2
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Interest payment
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102.890
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91.890
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111.714
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108,6
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3
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Grants
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2.000
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2.000
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2.200
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110,0
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4
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Recurrent expenditure
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1.172.295
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1.169.298
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(2)
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1.175.720
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100,3
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5
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Expenditure earmarked for offsetting local budget expenditure increase in 2024
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19.271
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6
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Expenditure earmarked for salary reform and pension adjustments, certain subsidy programs, allowances, and social welfare policies
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12.500
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(3)
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74.048
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7
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Replenishment to the Financial Reserve Funds
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100
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100
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100
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100,0
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8
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Contingencies
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57.900
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30.638
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57.866
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99,9
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D
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STATE BUDGET DEFICIT
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455.500
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415.172
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399.400
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87,7
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(% of deficit to GDP) (2)
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4,42%
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4,0%
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3,6%
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81,4
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1
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Central government budget deficit
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430.500
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401.900
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372.900
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86,6
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2
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Local government budget deficit (3)
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25.000
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13.272
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26.500
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106,0
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E
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REPAYMENTS OF ORIGINAL DEBTS
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192.713
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190.500
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291.153
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151,1
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F
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TOTAL STATE BUDGET BORROWINGS
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648.213
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605.672
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690.553
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106,5
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Notes:
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(1) This includes some local governments' budget earmarks for salary reform carried over from 2023 to 2024 (approximately VND 19 trillion).
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(2) Calculated using the base salary rate of VND 1.49 million per month.
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(3) Expenditure to accommodate base salary increase to VND 1.8 million per month for the whole year 2024 and the salary reform in accordance with Resolution No. 27-NQ/TW starting from July 1, 2024.
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