PUBLIC DEBT MANAGEMENT TOOLS
On June 30, 2018, the Government issues the Decree No. 94/2018/ND-CP on public debt management operations.
Accordingly, public debt management tools include public debt management indicators, five-year plans on borrowing and repayment of public debts, three-year programs on management of public debts, and annual plans on borrowing and repayment of public debts.
In particular, public debt safety indicators are built base on:
- Orientations of the five-year socio-economic development plan;
- Implementation of public debt safety indicators in the previous five years;
- Growth rate and internal saving rate of the economy;
- Revenue and expenditure balances, State budget…;
- The situation of and capacity for raising funds at home and abroad;
When a public debt safety indicator reaches the warning threshold, the Ministry of Finance shall propose the Government to implement, or to report the National Assembly or National Assembly Standing Committee, measures for keeping such indicator within the ceiling level.
This Decree takes effect on July 01, 2018.
