Vietnam says 2021 state budget deficit was below 4% of GDP

Vietnam's state budget deficit was below 4% of its gross domestic product in 2021, despite its spending to fight the coronavirus pandemic, the government said on Thursday. State budget revenues were estimated at 1,653 trillion dong ($72.65 billion) last year, 16.4% higher than its target, the government said in a statement.

Reuters | Hanoi | Updated: 06-01-2022 10:26 IST | Created: 06-01-2022 10:23 IST

Vietnam says 2021 state budget deficit was below 4% of GDP — Representative Image Image Credit: ANI

Country:
Vietnam

Vietnam's state budget deficit was below 4% of its gross domestic product in 2021, despite its spending to fight the coronavirus pandemic, the government said on Thursday.

State budget revenues were estimated at 1,653 trillion dongs ($72.65 billion) last year, 16.4% higher than its target, the government said in a statement. Budget spending was 1,879 trillion dongs, 11.4% higher than its target, including 74 trillion dongs spent on its fight against the coronavirus pandemic. ($1 = 22,753 dong)

Also Read: Vietnam reports 14,872 new COVID-19 cases, 1,666,545 in total

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)