.jpg)
The rapid rise in revenue since the start of 2022 was attributed to the city government accelerating the collection of land allocation, land use right auction, and housing taxes, a boon in land use levy fees.
Hoa Binh city is running numerous urban and commercial housing projects, contributing to increasing budget revenue from land use fees.
In the first three months of the 2022, the total state budget revenue of Hoa Binh city was estimated at 168.85 billion VND, or 22.13 percent of the estimate assigned by the province. This represented a year-on-year increase of 32.54 percent.
Revenue from taxes and fees was estimated at 113.85 billion VND, 19.19 percent of targets, up 2.63 percent over the same period in 2021.
Land use fee collection was estimated at 55 billion VND, equivalent to 20.99 percent of targets, and equivalent to 333.96 percent of data for the same period in 2021.
Local budget revenue was estimated at 225.59 billion VND, equivalent to 18.84 percent of the targets. The city budget adjustment revenue was estimated at 125.59 billion VND.
Total budget expenditure was estimated at 182.7 billion VND, accounting for 15.25 percent of the Resolution targets, and equivalent to 75.38 percent of data for 2021./.
Powered by ICT GROUP.
