VN to pay
over $12 billion debts, borrow $20 billion in 2016
Under the plan
on debt payment and loans in 2016, approved recently by Prime Minister Nguyen
Xuan Phuc, the Government plans to borrow $20 billion to pay debts and cover
its expenses, including $15 billion from the Social Insurance Fund and the
State Capital Investment Corporation (SCIC).
Under this
plan, VND273,300 billion ($12.2 billion) will be used to pay debt this year,
including VND24,000 billion of foreign debt.
Also this
year, the government plans to borrow VND452,000 billion, equivalent to more
than $20 billion. Of which, loans to offset the budget deficit are VND254,000
billion; Government bond issuance for investment of VND60,000 billion; ODA
loans and soft loans to reloan VND43,000 billion.
Regarding
the sources, domestic loans through the issuance of government bonds and
loans from SCIS are up to VND336.000 billion ($ 15 billion).
Foreign
loans from ODA, preferential loans are estimated at VND99,000 billion, of
which VND43,000 billion will be reloaned and VND56,000 billion to cover the
budget deficit.
The
government also assigned the Ministry of Finance to monitor domestic and
international markets to mobilize VND17,000 billion through other channels
such as issuance of foreign currency bonds in the country and international
bonds.
According
to the Ministry of Finance, the state budget balance in January-May 2016 is
estimated at VND396,200 billion, up 4.5% from the same period in 2015.
Of which,
domestic revenue is estimated at VND321,200 billion, up 11.9% over the same
period in 2015.
State
budget spending in this period reached VND466,300 billion, an increase of
4.7% over the same period of 2015. Thus, in the first 5 months of the year,
the budget deficit was over VNd70,000 billion.
US$1 =
VND22,300
Nam Nguyen, VNN
|
Thứ Năm, 9 tháng 6, 2016
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