Economy

Thanh Mien has low budget revenue for 6 months for 2 consecutive years.

PV July 9, 2024 11:09

In the first 6 months of 2024, Thanh Mien district's total budget revenue reached 97,391 billion VND, although it increased compared to the same period last year, it was only 20.9% of the year's estimate.

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Cao Thang Commune Residential Area (Thanh Mien) is delayed by Viet Hung Urban Investment Joint Stock Company in paying 393.7 billion VND in land use fees. This is one of the reasons for the low district budget revenue.

According to the People's Committee of Thanh Mien district, in the first 6 months of this year, the total state budget revenue in the area reached 97,391 billion VND, although it increased by 60.9% compared to the same period in 2023, it only reached 20.9% of the year's estimate. This is the second consecutive year that Thanh Mien district's budget revenue in the first 6 months of the year was lower than the estimate.

Of which, revenue from land use fees always accounts for a large proportion but only reaches 37.12 billion VND, equal to 9.5% of the assigned estimate. The reason is that the new residential area project in Hong Quang commune and the residential area in Cao Thang commune, invested by An Loc Phat International Investment Joint Stock Company and Viet Hung Urban Investment Joint Stock Company, have not paid land use fees. The total land use fees owed by the two above enterprises is more than 674 billion VND. In addition, the auction of land use rights has encountered difficulties due to the stagnant real estate market, causing some new residential area projects to have few buyers.

In addition to land use revenue, other revenues of Thanh Mien district are higher than the annual estimate such as: Personal income tax, non-agricultural land use tax, non-state sector tax...

In the coming time, Thanh Mien district is determined to enforce the collection of land use fees at two residential projects in Hong Quang and Cao Thang communes. Strengthen supervision of tax declarations by taxpayers; focus on inspecting business areas with signs of incorrect or insufficient tax declarations...

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Thanh Mien has low budget revenue for 6 months for 2 consecutive years.