Gov’t to tighten public debt management

VGP – PM Nguyen Xuan Phuc has approved a debt management program for the 2016-2018 in a bid to keep public debt under 65% of the gross domestic product (GDP) to ensure the safety of the national financial system.

April 24, 2017 4:03 PM GMT+7

Under the program, the Government sets the target to lower budget overspending rate from 5.4% GDP in 2016 to 3.38% in 2017 and 3.3% in 2018.

Short-term loans will now be allowed to fund medium and long-term programs and projects./.

By Kim Anh