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Vietnam’s state budget deficit stands at 16.4 bln USD in 2023

HANOI, Oct. 9 (Xinhua) — Vietnam’s state budget deficit is estimated at 16.4 billion U.S. dollars in 2023, or 4 percent of its gross domestic product (GDP), according to the Ministry of Finance.

That was lower than the 4.42 percent level estimated by the ministry at the beginning of this year.

Difficulties from the real estate market and banks have left an unfavorable impact on this year’s state budget b