State audit comments on public debt management

The State Audit made the comments at a meeting with the National Assembly’s Finance and Budget Committee on Wednesday which was discussing the draft law on Public Debt Management.

The State Audit suggested that the Ministry of Finance should take the lead in matters of public debt, while other agencies will play a co-ordinating role. The State Audit agreed with the definition of the public debt which doesn’t include the debts held by state-owned enterprises. However, the failure to repay foreign debts of state-owned enterprises may affect the country’s credit rate. The State Audit proposed to have more regulations on risk assessment, supervision and national debt safety.