Oil won’t affect 2015 budget
Do Hoang Anh Tuan, deputy minister of finance, said reduction in the world crude price to US$36 per barrel in future transactions would not affect budget revenue this year.
The budget revenue this year has exceeded the target to reach between VND65 trillion and VND66 trillion ($2.9 billion), including 6 per cent from tax revenue of the crude oil exports, he said. The tax revenue from the crude oil exports at present does not account for a large segment of the total tax revenue unlike five to ten years earlier.
