Budget deficit recorded at VND 6.8trn in January-February.

By bne IntelliNews March 22, 2011
Vietnam recorded a budget deficit of VND 6.8trn in the first two months of this year. As reported by Dow Jones International News, the country's lawmaking body stated that the country's revenue increased 12.7% y/y to VND 104.68trn in the January-February period, whereas budget spending grew 16.6% to VND 111.48trn over the same period. The country recorded a budget deficit of VND 109.46trn or 5.6% of gross domestic product (GDP) last year. The country is targeting to cap its budget deficit at 5% of GDP this year.

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