Localities race to boost year-end state budget revenue

(ĐN)- Despite most districts in Dong Nai having already met or exceeded their 2024 state budget revenue targets, tax authorities across the province are intensifying efforts to maximize collections in the final weeks of the year.

As of late October 2024, local tax offices collected over VND 8.3 trillion, equivalent to 112% of the year’s estimate and up 20% year-on-year. Districts like Long Thanh and Vinh Cuu have emerged as top performers, reaching 146% and 144% of their annual targets, respectively. Long Khanh city also surpassed its goal, attaining 122%.

People shopping at a supermarket.

Dong Nai’s total budget revenue by the end of November exceeded VND 56.3 trillion—100% of the central target and 110% compared to the same period last year. Domestic revenue stood at nearly VND 38 trillion, while import-export revenue reached over VND 18.3 trillion.

Key growth drivers included strong collections from personal and corporate income taxes, and especially from fines and back taxes through inspections and audits. In Long Thanh district, this category alone surged past 450% of the plan.

Officials attribute the positive performance to strong coordination between provincial leadership, local governments, and the tax department. However, they remain focused on additional sources such as projects linked to Long Thanh International Airport and emerging sectors like digital commerce, capital transfers, and cross-border transactions.

For 2025, Dong Nai tax authorities plan to sustain momentum by tightening oversight on high-risk tax activities and enhancing digital tools for revenue management. Localities are also aligning fiscal strategies with broader socioeconomic development goals to ensure sustainable growth.

 Reported by N.Lien