National Assembly passes State budget plan for 2027
VGP - Next year's total budget revenue is estimated at VND 3,334.3 trillion (US$130.5 billion), according to the State budget plan for 2027 approved by lawmakers on November 9.
The above figure include VND 1,775.6 trillion (US$69.5 billion) in central budget revenue, and VND 1,558.7 trillion (US$61.0 billion) in local budget revenue.
Meanwhile, total state budget expenditure for 2027 is estimated at VND 4,073.9 trillion (US$159.5 billion).
Of the total expenditure, central budget spending is projected to reach VND 2,364.4 trillion (US$92.6 billion) while local budget expenditure is estimated at VND 1,709.5 trillion (US$66.9 billion).
Lawmakers estimated that state budget deficit for 2027 would reach VND 739.6 trillion (US$29 billion), equivalent to 4.5 percent of the country's GDP.
The plan targets that five percent of total public investment expenditure would be saved and reallocated to key and urgent projects, while 10 percent of recurrent expenditure must be saved to supplement funding for social welfare.
To achieve the above goals, the National Assembly required the Government to strive to increase state budget revenue in 2027 by approximately 9.1 percent compared with actual figure recorded in 2026./.