Finance ministry urged to keep public debt under strict control

Source: Pano feed


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Deputy PM Vu Van Ninh



Nhan Dan/VNA – Deputy Prime Minister Vu Van Ninh has asked the Ministry of Finance to keep public debt under strict control, although it remains within the safe limit, adding that the use of loans must be closely managed to achieve the highest efficiency.


Addressing the ministry’s conference in Hanoi on July 4, which reviewed its performance in the January-June period and set tasks for the second half of the year, the deputy PM instructed the sector to review 2014 budget estimates and make forecasts on possible financial resources that can be mobilised when necessary.


In addition, the ministry should make recommendations to the government and local authorities for drafting out emergency response plans and expanding economic and trade relations.


Deputy PM Ninh also required the ministry to intensify inspection of the implementation of financial policies and regulations, as well as market and price management.


Finance Minister Dinh Tien Dung said the ministry would continue to co-ordinate with other ministries and localities to remove difficulties for production and business activities, while at the same time accelerating administrative procedure reform as well as the modernisation of tax and customs management work.


He affirmed that the tax and customs division would strive to exceed the target on budget revenues for this year.


Regarding State budget spending, the ministry plans to focus on speeding up the disbursement of development investment and the settlement of debts in capital construction, while ensuring funding for major socioeconomic tasks.


The restructuring of the economy-particularly the re-arrangement of State-owned enterprises, the stock market and insurance companies-is also a top task for the remaining months of the year.


Statistics from the ministry showed that State budget revenue and spending were estimated at VND 413.6 trillion (US$19.3 billion USD) and VND 492.4 trillion (US$23.1 billion), respectively in the first six months of this year.


The figures represent respective year-on-year rises of 15.8% and 8.8%.




Đăng ký: VietNam News

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