State budget consists of central government budget and local government budgets.

A local government budget consists of budgets of local authorities at various levels.

"Include: (i) All revenues from taxes and fees; (ii) All revenues from fees for services provided by regulatory agencies; fees for service provided by public service agencies and state-owned enterprises that are transferred to state budget as prescribed by law; (iii) Grant aid provided by governments of other countries, overseas organizations and individuals for Vietnam’s government and local governments of Vietnam; (iv) Other revenues prescribed by law. State budget revenues by functions, include: Domestic revenues, Oil revenue, Net revenue from trade activities, Grants"

Interest payment

"Means a fund of the State derived from state budget and other financial sources prescribed by Law. 1. The government, the People’s Committees of provinces shall establish financial reserve funds from sources of revenue, budget surplus; include them in annual budget expenditure estimate and other financial sources. The balance of the financial reserve fund at each level must not exceed 25% the annual budget expenditure estimate that the same level. 2. Financial reserve funds are used in the following cases: a) Advance funding to cover necessary expenditures according to the budget expenditure estimate before aggregating enough revenue. Such amount must be returned within the budget year; b) In case state budget revenues or loans taken to cover budget deficit fail to reach the estimate decided by the National Assembly or the People’s Council, budget reserve is used up but still not sufficient for disaster recovery, response to widespread and serious epidemics, performance of tasks related to national defense and security, and other urgent tasks that are unplanned, the financial reserve fund may be used. However, the amount used in the year must not exceed 70% of the opening balance of the fund."

"Means an entry of the unallocated budget expenditure estimate which is decided by corresponding agencies in charge of the budget. accordance with this State budget Law, the reserve is 2% - 4% of total budget expenditure at each level. State budget reserve is used for: Unplanned expenditures on prevention and recovery of natural disasters, response to epidemics, and famine relief; performance of crucial national defense and security objectives, and other objectives that are their liabilities; Provision of support for inferior budgets to perform the tasks mentioned in Point a of this Clause if the inferior budgets are still not able to complete such tasks after their reserve is used up; Provision of support for other local governments in performance of tasks as above."

It is the positive difference between total central government budget expenditure (not including principal repayment) and total central government budget revenue. Central government budget deficit shall be covered by the following sources: (i) Domestic loans from issuance of Government bonds and other domestic loans prescribed by law; (ii) Foreign loans granted by for projects funded by ODA, governments of other countries, international organizations, issuance of Government bonds to international market, not including on-lending expenditures.

It is total deficit of budget of each central-affiliated city or province, which is the positive difference between total budget expenditure (not including principal repayment) and total budget revenue of every province. Local government budget deficit shall be covered by: (i) Domestic loans from issuance of Government bonds and other domestic loans prescribed by law; on-lending loans from the government.

"It is the payment to pay the principal debts due to be payable under the obligation of the State budget (excluding refinance debt principals for on-lending loans). Principal payments are recorded to reduce the outstanding balance of the state budget, not to state budget expenditures. Sources of principal repayment include: (i) Repayment of debt principal; (ii) Surplus, revenue increase, expenditure decrease, budget balance."

Means a debt arising from an internal or external loan which is signed or issued in the name of the State or the Government. Government debt includes: (i) Debts arising from issue of debt instruments by the Government; (ii) Debts arising from internal and external loan agreements concluded by the Government; (iii) Debts arising from central government budget’s loans borrowed from financial reserve fund of state, state funds available on State Treasury’s accounts (hereinafter referred to as state funds), or off-budget financial fund.

"Means a debt arising from a loan borrowed by a People’s Committee of province. Debts of local administrations include: (i) Debts arising from issue of provincial bonds; (ii) Debts arising from ODA on-lent loans, external concessional loans; (iii) Debts arising from local government budget’s loans borrowed from banks for social policies, financial reserve fund of provinces, state funds, and other loans as per the law on state budget."