Xinhua, Hanoi :
Vietnam aims to lower its 2019 budget deficit to 3.6 percent of gross domestic product (GDP) from the 3.7-percent target set for this year.
The budget plan was approved on Friday by the National Assembly of Vietnam, the country’s top legislature, during its ongoing sixth session of the 14th tenure.
Accordingly, the total state budget collection is set to reach over 1.4 quadrillion Vietnamese dong (61.4 billion U.S. dollars), while the total spending will hit more than 1.633 quadrillion Vietnamese dong (over 71 billion U.S. dollars), resulting in a deficit of 222 trillion Vietnamese dong (nearly 9.6 billion U.S. dollars), or 3.6 percent of the projected GDP.
