2022 budget deficit estimated at 4% of GDP

At a conference on January 6 on State budget tasks in 2021 and the plan for 2022, Prime Minister Pham Minh Chinh asked the financial sector to effectively manage budget revenue and expenditure this year, control public debt, and focus on combating tax losses and commercial fraud. The State budget deficit is estimated at 4 per cent of GDP this year, with inflation below 4 per cent. State budget overspending was more than VND315 trillion ($13.8 billion) last year.