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Sun, July 29, 2012
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Public debt below 60% of GDP by 2030
Updated: 10:08PM (GMT+7), Sun, July 29, 2012
Nhan Dan – The strategy on the nation’s public and foreign debts specifies that public debt will be lower than 60% of GDP by 2030, with Government and foreign debt not more than 50% and 45% of GDP, respectively.

According to the strategy, loan mobilization and debt payments must comply with the safety criteria for public, Government and foreign debts, and ensure national financial security.

Vietnam has also set a target to hold the State budget deficit below 4.5% of GDP by 2015, 4% of GDP in the 2016-2020 period, and 3% of GDP from then on.

Public debt will not be allowed to exceed 60% of GDP by 2030, with Government and foreign debt not more than 50% and 45% of GDP, respectively.

The strategy also states that the annual value of foreign debt payments will be below 25% of the export value of the country's goods and services.

         
 
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