Public debt ceiling will not increase

by VTV424 October 2016 Last updated at 13:45 PM

Deputy Prime Minister Vuong Dinh Hue
Deputy Prime Minister Vuong Dinh Hue

VTV.vn - “The government will not increase the public debt ceiling. It will tighten the state budget to favor for businesses as well as boost investment from the private sector to drive socio-economic development”, said Deputy Prime Minister.

Deputy Prime Minister Vuong Dinh Hue said to National Assembly deputies in Ha Tinh province that the public debt ceiling cannot exceed 65% of total GDP while government debt and foreign debt need to be kept at maximum 55% of GDP until 2020. In order to do that, the state budget will only be used for important projects. In addition, the effectiveness of investment needs to be improved.

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