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Vietnam's budget deficit for first five months: $3.15 billion

In the first five months of 2016, Vietnam recorded a $3.15 billion budget deficit, accounting for 27.6 percent of this year's estimate.

Total state income from January to May reached $17.75 billion, with 81.2 percent coming from the domestic sector.

Source: Ministry of Finance

Source: Ministry of Finance

On the other hand, the total expenditure was $20.9 billion, most of which was spent on socio-economic development and national defense that accounted for about 46 percent.

Source: Ministry of Finance

Vietnam has seen a consecutive deficit in the last four months.

Source: Ministry of Finance

In the region, the budget deficit ratio over total gross domestic income was much higher than other ASEAN nations.

Source: World Economic Outlook (IMF), 2015

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