Status of Implementation of Borrowing and Repayment of Loans by the Subnational Budget

How is the implementation of borrowing and repaying loans of NSDP? (Illustrative image)

Circular 71/2020/TT-BTC regulates the situation of borrowing and repaying loans of NSDP in evaluating the implementation of the state budget tasks in 2020 and the period 2016-2020 of provinces and centrally-run cities, including:

- Debt balance at the beginning of the year, borrowing up to June 30, 2020, estimated borrowing for the whole year, detailed by borrowing purpose (repayment of principal, borrowing to cover deficits) and by each capital source (issuance of local government bonds; re-borrowing of foreign loans of the Government of Vietnam from each sponsor and program, project; investment development credit borrowing of the state; state treasury surplus borrowing; other loans).- Obligation to repay detailed repayment of principal, interest, and fees according to the above capital sources.- The situation of repaying debt (interest, fees) up to June 30 and estimated for the whole year 2020, detailed by each capital source mentioned in point a clause 9 of this Article; in which, for the re-borrowing of foreign loans of the Government of Vietnam, detailed by each program, project.- The situation of principal repayment for loans for 6 months and estimated for the whole year 2020, detailed by each source (new borrowing to repay old debt, from excess revenue, increased revenue, saving expenditure); in which, for the re-borrowing of foreign loans of the Government of Vietnam, detailed by each program, project.- End-of-year debt balance according to the plan and estimated implementation, detailed by each capital source mentioned above; in which, for the re-borrowing of foreign loans of the Government of Vietnam, detailed by each program, project.

Details can be found at Circular 71/2020/TT-BTC, effective July 30, 2020.

Ty Na

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