General Objectives and Specific Objectives of the Public Debt Strategy to 2030
General Objectives of the Public Debt Strategy until 2030
Based on Clause 2, Article 1 of Decision 460/QD-TTg in 2022, the general objectives of the Public Debt Strategy until 2030 are stipulated as follows:
- General Objectives
Organize the mobilization of loan capital to meet the needs of the state budget in each period with reasonable borrowing costs, appropriate to the risk level of the loan, ensure debt repayment capability; maintain public debt and Government of Vietnam debt indicators at a safe level, control foreign debt to ensure national financial security; promote the development of the domestic capital market; linked with the objectives and tasks of the 10-year socio-economic development strategy from 2021 to 2030.
Specific Objectives of the Public Debt Strategy until 2030
According to Clause 2, Article 1 of Decision 460/QD-TTg in 2022, the specific objectives of the Public Debt Strategy until 2030 are stipulated as follows:
- Specific Objectives
a) Phase 2021-2025
- Control the state budget deficit indicators approved by the National Assembly in the state budget estimates and the 5-year national financial plan for the period 2021-2025, ensure safety indicators for debt including ceilings and thresholds within the limits approved by the National Assembly.
b) Expected until 2030
- Public debt should not exceed 60% of GDP, Government of Vietnam debt should not exceed 50% of GDP.
- The average direct debt repayment obligations of the Government of Vietnam should not exceed 25% of total state budget revenue.
- The nation's foreign debt should not exceed 45% of GDP.
Sincerely!
