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Update news budget revenues
With a view to making a financial disclosure of the state budget, the Ministry of Finance (MoF) has publicised its report on Vietnam’s budget situation estimates for 2023.
Prime Minister Pham Minh Chinh has asked the National Assembly to allow HCM City to retain 23 per cent of its budget revenues, up from the previous 18 per cent, to create conditions for sustainable development.
Fitch Solutions maintain 2019 fiscal deficit forecast at 6.6%, but are revising up our 2020 and 2021 fiscal deficit forecasts for Vietnam to 7.0% and 7.2%, respectively, from 6.6% previously.