BY 2030, PUBLIC DEBTS WILL NOT EXCEED 60% OF GDP
On April 14, 2022, the Prime Minister issues the Decision No. 460/QD-TTg on approving the Public Debt Strategy toward 2030.
Accordingly, specific targets by 2030 include: Public debts will not exceed 60% of GDP, government debts will not exceed 50% of GDP; The Government’s obligation of direct debt payment will not exceed 25% of total state budget revenues; National foreign debts will not exceed 45% of GDP. In the 2021-2025 period, to control the state budget deficit target approved by the National Assembly in the state budget estimate and the 5-year national financial plan for the 2021-2025 period, ensure debt safety targets including ceiling, threshold within the approved limits.
Besides, tasks and solutions include: Completing the debt management policies and equipment; Actively and flexibly combining debt instruments, and domestic and foreign mobilization channels under market conditions to ensure the Government debt portfolio in compliance with the set risk management objectives; Increasing the publicity, transparency in public debt mobilization, management and use, and enhancing the national credit rating, etc.
This Decision takes effect on the date of its signing.
