State budget revenue mobilization target for 2026–2030 set at 18% of GDP

This target was introduced by the Prime Minister in Decision No. 1119/QD-TTg dated June 23, 2026, which amended Decision No. 368/QD-TTg dated March 21, 2022, promulgating the Financial Strategy to 2030.

Under Decision No. 1119/QD-TTg, the objective relating to the assurance of state budget financial resources has been revised to enhance the capacity to mobilize revenue for the state budget in the coming period.

Specifically, the state budget revenue mobilization rate for the 2026–2030 period is set at 18% of GDP, higher than the target for the 2021–2025 period, which was an average of no less than 16% of GDP.

Of this total mobilization, revenue from taxes and fees is expected to account for approximately 14–15% of GDP during the 2026–2030 period. At the same time, domestic revenue is projected to represent, on average, around 87–88% of total state budget revenue, reaffirming the policy orientation of strengthening domestic revenue sources and enhancing the sustainability of the state budget.

In addition to the revenue targets, the Decision also revises a number of other important financial indicators. In particular, the structure of state budget expenditures will continue to be adjusted toward prioritizing development investment expenditures, ensuring resources for debt repayment, strengthening national reserves, investing in human development, and safeguarding social security.

Regarding public debt, the Strategy continues to set targets for strict management to ensure public debt safety and national financial security. By 2030, public debt must not exceed 60% of GDP, government debt must not exceed 50% of GDP, and the country's external debt must not exceed 50% of GDP. In the event of significant fluctuations or major risks, the Ministry of Finance shall promptly report to the Government for submission to the National Assembly for consideration and decision.