Annual Revenue and Expenditure Plan of the Debt Accumulation Fund

21:42, 11/07/2024

The Accumulated Debt Repayment Fund is a financial fund outside the state budget, with the aim of addressing risks for re-lent loans, guarantees of the Government of Vietnam. To manage the Accumulated Debt Repayment Fund, the Government of Vietnam has issued Decree 92/2018/ND-CP, replacing Decision 01/2013/QD-TTg on the management and use of the Accumulated Debt Repayment Fund.

The annual revenue and expenditure plan of the Fund is established with the following contents:

1. The annual revenue plan of the Fund includes:

- Projected recovery of loans according to the repayment schedule of the re-lending agreements and by each year.- Projected income from guarantee fees according to the government guarantee agreements.- Projected revenues from debt restructuring transactions, portfolio restructuring, interest on deposits, loans, capital management, and investment entrustment, and other lawful incomes of the Fund as regulated.

2. The annual expenditure plan of the Fund includes:

- Projected expenditures for state budget repayment.- Projected advances from the Fund for loans guaranteed by the Government of Vietnam that face repayment difficulties, debt restructuring proposals, and portfolio restructuring approved by the competent authority.- Projected uses of the Fund's capital (including expenditures for public debt management operations) as decided by the competent authority.

Note: In the event of changes during the implementation process that affect the Fund's revenue and expenditure plan, the Ministry of Finance decides on adjustments to the Fund's revenue and expenditure plan accordingly, serving as the basis for implementation.

See more at Decree 92/2018/ND-CP effective from July 1, 2018.

- Thanh Lam -

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