Gov't adopts new public debt strategy through 2030
VGP - The Government has decided to raise foreign debt-to-GDP ratio to 50 percent by the end of this decade, according to its latest public debt strategy released on Thursday.
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The above ratio represents a five-percent increase from 2022 when the Government adopted the public debt strategy through 2030.
Other debt indicators, including public debt, government debt, and direct debt payment obligation remain the same.
Specifically, annual public debt shall not exceed 60 percent of GDP while annual government debt shall not exceed 50 percent of GDP.
Meanwhile, the Government's direct debt payment obligation shall not exceed 25 percent of total state budget revenue.
Last February, the Government released a debt plan, under which the Government targets to borrow VND969,796 billion (US$38.5 billion) in 2026.
The figure includes VND583.700 billion for central budget to cover deficits, and VND376,005 for repayment of debts.
The Government said it would mobilize the funding through issuance of Government bonds, international bonds, official development assistance and concessional loans, and other lawful resources./.