Deputy Prime Minister Le Minh Khai has signed Decision No.448/QD-TTg approving the public debt management programme up to 2024 and the public debt payment plan for this year.
The move aims to diversify financial resources and loan methods at home and abroad to ensure the state budget balance. The plan includes loans for implementing fiscal policy to support the socioeconomic recovery and development programmes.
The country will strictly control debt safety indicators to ensure that they are in line with the National Assembly’s permissible limit.
For the 2022-2024 period, the government’s total debt stands at about $89 billion, with total payments being roughly $48 billion.
This year, $14.6 billion will need to be paid, while additional loans of about $30 billion are planned.
The resources are expected to be flexibly mobilised from government bonds, official development assistance, foreign preferential loans, and other legal financial sources where necessary.