What is the task of mobilizing, managing, and using debt effectively according to the Public Debt Strategy by 2030 in Vietnam?

What is the task of mobilizing, managing, and using debt effectively according to the Public Debt Strategy by 2030 in Vietnam?

Based on Point c, Clause 5, Article 1 of Decision 460/QD-TTg in 2022 stipulates:

c) Implementing the mobilization, management, and effective use of debt

- Borrowing source for development investment must be tightly controlled in terms of investment objectives, investment efficiency, debt repayment plans, and the impact of total borrowing on public debt, government debt, and debt obligations.

- Reporting to the National Assembly and the Government for consideration and approval of certain public investment programs to implement certain important projects, key projects, with motivation, large spillover effects, and address national, regional, and inter-regional development issues... Based on market conditions and the ability to mobilize from development partners, proactively choose flexible and appropriate sources of borrowing, and allocate sufficient capital plans to complete in each stage of 2021-2025 and 2026-2030.

- Researching and proposing solutions to mobilize resources in the domestic and international capital markets to implement economic and social recovery and development programs.

- Strengthening the management of fiscal risks of the central budget and local budgets arising from borrowing and lending activities, linking the borrowing decision-making authority of localities with enhanced debt repayment responsibilities, and linking the repayment responsibility of borrowing with the autonomy level of public sector entities.

What is the task of mobilizing, managing, and using debt effectively according to the Public Debt Strategy by 2030 in Vietnam? (Image from the Internet)

What is the task of organizing the machinery and applying information technology according to the Public Debt Strategy by 2030 in Vietnam?

Based on Point g, Clause 5, Article 1 of Decision 460/QD-TTg in 2022 stipulates:

g) Organizing the apparatus and applying information technology

Improving the organization of the apparatus, enhancing the quality of the public debt management personnel; innovating the method of public debt management based on the application of information technology and digital transformation, approaching advanced international debt management models.

Focusing on the formation of a professional and modern public debt management agency in accordance with the regulations of Resolution No. 07-NQ/TW dated November 18, 2016 of the Politburo; improving the qualifications of civil servants in debt management work; consolidating and enhancing the application of information technology in controlling and disbursing foreign borrowing sources; modernizing the infrastructure serving debt management work; building databases and statistics on debt. Ensuring funding from fees for borrowing and government guarantees to carry out the tasks of public debt management as prescribed by the Law on Public Debt Management in 2017.

Unified implementating of local government debt management, clearly defining the functions, tasks, powers, and responsibilities of local government agencies in local government debt management to ensure transparency and effectiveness; enhancing the capacity of local government debt management officials to meet the requirements of monitoring, evaluating, and managing risks; building and connecting the local government debt information system to ensure updates, serving management according to the limit of outstanding debt and annual local budget overspending; equipping tools for analyzing and evaluating debt portfolios, local government debt structure, moving towards applying risk prevention tools, ensuring the sustainability of local government debt.

Best Regards!