As of 5:00 pm on December 29, Da Nang’s budget revenue hit VND21,270 billion, reaching 90.69% of the estimate assigned by the municipal People's Council, equal to 88.39% over the same period last year.

Da Nang Party Committee Secretary Nguyen Van Quang giving a directive speech at the event. Photo: M.Q

Of which, domestic revenue generated VND18,073 billion, representing 98.06% of the estimate and equal to 96.49% over the same period last year. Revenue from imports and exports was VND3,177 billion, reaching 63.54% of the estimate, equal to 60.04% over the same period.

Hoa Vang District’s budget collection was VND479 billion, reaching 94.39% of the estimate assigned by the city.

The city’s total State budget expenditure generated VND28,393 billion, of which the central budget spending was VND11,576 billion, and the local budget spending was VND16,817 billion.

In addition to budget collection, the city's budget balance was VND18,442 billion, ensuring regular and important spending tasks for 2024.

The figures were reported by Director of the State Treasury of Da Nang Phan Quang Thong at a meeting on the same day to review the city’s socio-economic situation, revenue, expenditure and State budget in 2023 and identify new tasks for 2024.

In his remarks at the event, municipal Party Committee Secretary Nguyen Van Quang acknowledged and highly appreciated the results achieved in the socio-economic field, especially budget revenue and expenditure and the efforts of financial industry and localities.

Although budget revenue has not reached estimates, this is the result of the highest efforts in the current difficult economic context, he added.

In addition to budget revenue, units and localities ensured spending according to required activities while still saving costs, ensuring budget balance, and creating a solid foundation for the following years.

In 2024, it is forecasted that there will be many difficulties and huge challenges for the whole country in general and Da Nang in particular. Therefore, he stressed the need for relevant units and localities to continue to overcome and roll out resolutions right from the first days of the new year.

​Reporting by M.QUE - Translating by M.DUNG