|Unit||Bil. VND, NSA|
|Adjustments||Not Seasonally Adjusted|
|Source||General Statistics Office of Vietnam|
|Government Budget Balance||2021||-404,905||-233,165||Bil. VND, NSA||Annual|
|Government Expenditures||2021||1,854,940||1,709,524||Bil. VND, NSA||Annual|
|Government Revenues||2021||1,304,619||1,293,728||Bil. VND, NSA||Annual|
Government Budget is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments). A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
The two basic elements of any budget are the revenues and expenses. In the case of the government, revenues are derived primarily from taxes. Government expenses include spending on current goods and services, which economists call government consumption (government investment expenditures such as infrastructure investment or research expenditure and transfer payments like unemployment or retirement benefits). Budgets have an economic, political and technical basis. Unlike a pure economic budget, they are not entirely designed to allocate scarce resources for the best economic use. They also have a political basis wherein different interests push and pull in an attempt to obtain benefits and avoid burdens.
The source has not provided a methodology for this release.
Data for the current reference period is preliminary and will be finalized the following release date.
Preliminary data for the current reference date will be revised the next release date.