Public debt on the rise
VTV.vn - A HSBC report released last Friday has forecasted that the public debt-to-GDP ratio would approach the National Assembly’s limit of 65% in 2016.
By the end of 2015, Vietnam's public debt reached 62.2% of GDP, almost 2 times higher than that of four years ago.
The increase was explained by the disbursement of foreign loans and government bond issues. Meanwhile, real GDP is lower than previously forecasted. Expanding budget collection and curbing government spending would be focused on.
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