Participants at the conference. (Photo: VNA) According to Deputy Minister of Finance Nguyen Duc Chi, thetotal State budget expenditure in the year reached about 1.73 quadrillion VND or 83.4% of theestimate. The spending for investment and development was equivalentto 79.8% of the estimatedecided by the National Assembly, and 81.9% of the plan assigned by the PrimeMinister.
The budget balance at all levels is guaranteed. As of December 25, 296.7trillion VND worth of Government bonds had been issued, equal to 74.2% of the yearlyplan, with an average interest rate of 3.21% per year.
The Ministry of Finance said it will continue to operate a flexible fiscal policy, thus contributing to stabilising macro-economy, speeding up theimplementation of important infrastructure investment projects, and creating afoundation to promote economic growth.
It will also focus on strictly managing Statebudget expenditures; improving the efficiency of management, allocation, anduse of state budget. More plans include tightening financial discipline, promoting restructuringof State budget spending, and tightly controlling State budget deficits, publicdebt, and contingent debt obligations./.
The Ministry of Finance said it will continue to operate a flexible fiscal policy, thus contributing to stabilising macro-economy, speeding up theimplementation of important infrastructure investment projects, and creating afoundation to promote economic growth.
It will also focus on strictly managing Statebudget expenditures; improving the efficiency of management, allocation, anduse of state budget. More plans include tightening financial discipline, promoting restructuringof State budget spending, and tightly controlling State budget deficits, publicdebt, and contingent debt obligations./.
VNA
