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Enhancing effectiveness of public spending

by PV27 October 2016 Last updated at 12:00 PM

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Enhancing effectiveness of public spending
photo: chinhphu.vn
VTV.vn - The prime minister has approved a program aimed at improving the efficiency of public expenditure supported by the Asian Development Bank.

The program has a total budget of 200 million USD provided by bank, in which 117.3 million will receive preferential interest rates.

The program aims to improve Vietnam's financial management system through the effective allocation of public finance, strengthen the capacity to identify and manage fiscal risks, and improve supervision, monitoring and evaluation of public expenditure. This is expected to improve the efficiency of services in order to improve people's living standards and maintain poverty reduction efforts.