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HCMC sets 2023 budget collection of VND470,000 billion

HCMC – HCMC plans to obtain revenue of VND470,000 billion in 2023, up 21% from this year, according to a resolution on the state budget collection estimate and HCMC’s expenditure next year.

In the eighth session of the 10th-tenure HCMC People’s Council, HCMC is set to collect VND1,287 billion every day, adding up to almost VND470,000 billion in the full-year budget collection target of 2023.

As for domestic revenue, the city set a target of VND307,500 billion. Among these, VND16,000 billion is from crude oil, VND145,800 billion from the import-export sector, and VND306 billion from aid.

In 2022, the central Government tasked HCMC to collect VND386,568 billion for the state budget. But the city has already collected VND457,500 billion, 18.4% higher than expected and up 17% year-over-year.

On December 9, the council passed a resolution on the public investment plan in 2023 with an investment of over VND70,000 billion, VND55,225 billion of which would be funded by HCMC.

VND15,292 billion has been allocated from the central budget to improve the environment of Tham Luong – Ben Cat – Nuoc Len Canal, An Phu Junction, National Highway 50 expansion, and Beltway 3’s component projects.

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