Legal Counselling

04 sources of repayment of loans’ principal according to Decree No. 163/2016/NĐ-CP of Vietnam’s Government

09:10, 02/01/2017

Decree No. 163/2016/NĐ-CP was promulgated by Vietnam’s Government providing guidelines for the Law on State budget of Vietnam.

According to the Decree No. 163/2016/NĐ-CP of Vietnam’s Government, sources of repayment of loans’ principal include:

- Borrowing amounts to repay principal decided annually by the National Assembly or People’s Council of province;

- Budget surplus of central government budget and local government budgets;

+ Central government budget surplus is the positive difference between total central government budget revenue and total central government budget expenditure in a budget year.

+ Provincial budget surplus is the total deficit of budget of each central-affiliated city or province, which is the positive difference between total budget revenue and total budget expenditure of every province in a budget year.

- Surplus of central government budget and provincial government budgets;

- Revenue increase and expenditure decrease compared with the estimates in the process of enactment of state budget.

View more details at Decree No. 163/2016/NĐ-CP of Vietnam’s Government, effective from January 01, 2017.

- Thanh Lam -

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