Hanoi:The National Assembly has approved the state budget plan for 2027, outlining key financial projections and targets for the upcoming fiscal year.

According to Socialist Republic of Vietnam Government News, the budget plan includes VND 1,775.6 trillion (US$69.5 billion) in central budget revenue and VND 1,558.7 trillion (US$61.0 billion) in local budget revenue. The total state budget expenditure for 2027 is estimated at VND 4,073.9 trillion (US$159.5 billion).

Central budget spending is projected to reach VND 2,364.4 trillion (US$92.6 billion), while local budget expenditure is estimated at VND 1,709.5 trillion (US$66.9 billion). Lawmakers have also estimated that the state budget deficit for 2027 will reach VND 739.6 trillion (US$29 billion), equivalent to 4.5 percent of the country's GDP.

The budget plan aims to save and reallocate five percent of total public investment expenditure to key and urgent projects, while 10 percent of recurrent expenditure must be saved to supplement funding for social welfare. In an effort to achieve these goals, the National Assembly has mandated the Government to strive for a 9.1 percent increase in state budget revenue in 2027 compared to the actual figure recorded in 2026.