VIETNAM PRESS-Vietnam 2014 budget deficit to rise 15 pct y/y - Saigon Giai Phong

Wed Oct 23, 2013 10:03pm EDT

Related Topics

Vietnam's budget deficit in 2014 is forecast at 224 trillion dong ($10.62 billion), or 5.3 percent of the country's expected gross domestic product for next year, and a rise of 15 percent from this year, the Saigon Giai Phong (Liberation Saigon) newspaper reports, quoting the finance minister.

Budget revenue in 2013 at 752.3 trillion dong is likely to fall short of the annual target, while expenditure would be 0.8 percent above initial projections, the minister told the parliament on Wednesday.


NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Hanoi Newsroom; Editing by Sunil Nair)