(HBO) - From the beginning of the year until now, Hoa Binh City Party Committee and People's Committee have intensified their direction of the management of state budget collection and spending to ensure the work is carried out in compliance with current regulations.

At the same time, the city administration has focused on attracting investment capital sources to create sustainable sources for budget revenues. Accordingly, in the past 7 months, the city collected 291.63 billion VND for the state budget, equalling 54.49 percent of the target. In which, land use fees contributed 40.5 billion VND; and revenues from taxes, fees and implementation fees reached 251.1 billion VND, or 81.54 percent of the amount assigned by the provincial administration and 80.97 percent of the city's target. In addition, localities in the city collected 660.7 billion VND, equaling 71.1 percent of the amount assigned by the province and 66.7 percent of the city's target.

Currently, the city is focusing its direction on accelerating the collection of tax from the auction of land use rights, fees, charges, and taxes on housing and land; effectively implementing the auction of land use rights in order to ensure the target for revenues from land use fees./.