According to the Ministry of Finance, State budget constraints remain an issue. As of this month, state budget revenue reached 31 billion USD, 85% of the plan.
The State budget faced a shortage of 1.5 billion USD due to lowered global oil prices. As such, PM Dung stressed the need for increasing the Budget , along with measures to compensate for the 1.5 billion loss.
The Prime Minister also asked the Ministry of Finance and related ministries to carefully analyze the rise in minimum wage, and to make specific plans for avoiding budget losses.
Meanwhile, the decision to issue international bonds to the global capital market has come with the aim to swap the country’s debt. The plan has been made while international interest rates are on the decline and Vietnam’s credit rating has improved.
This afternoon, the Government will continue discussions on other socio-economic issues, such as the poverty rate for the 2016-2020 period, as well as preparations for the Lunar New Year holidays.
