Tam Ky reduces land use fees by 180 billion VND in 2024

Tam Ky City People's Council passed a resolution to adjust revenue and expenditure in 2024. Photo: XP

According to the City People's Committee, by the end of September 2024, the total budget revenue in the area reached nearly 64% of the city's assigned estimate. Of which, the province managed the revenue reaching nearly 72%, the city managed the revenue reaching nearly 52%.

It is expected that by the end of 2024, the total budget revenue in the area will reach nearly 90% of the city's assigned estimate; in which the city's revenue management will reach more than 74% of the city's assigned estimate. The reason is that land use fee revenue does not meet the set plan.

Based on the revenue results and revenue estimates for the remaining 3 months of 2024, the city proposed a plan to adjust the 2024 budget revenue and expenditure in the direction of reducing the estimated land use fee revenue from 400 billion VND to 220 billion VND; reducing the estimated development investment expenditure from land use fee revenue by 180 billion VND.

There are 60 projects that have not completed investment procedures, are stuck in site clearance, and have difficulty disbursing all capital, with VND214 billion in capital, and their capital sources will be cut; at the same time, VND34.9 billion will be adjusted to increase for 17 projects with capital needs that are in progress and are progressing well.

Thus, after adjustment, the total budget revenue in the area in 2024 is 1,638.7 billion VND; of which the province manages the revenue of 1,104 billion VND, the city manages the revenue of 529.6 billion VND. Total state budget expenditure is 1,182.7 billion VND; of which development investment expenditure is 451 billion VND.

Source: https://baoquangnam.vn/tam-ky-giam-180-ty-dong-thu-tien-su-dung-dat-nam-2024-3144112.html