Master plan on thrift practice promulgated
VGP – The Government has recently issued an overall program on thrift practice and anti-wastefulness in the 2016-2020 period.
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In the 2016-2020 period, the program looks to implement the master scheme on economic restructuring in combination with transformation of the growth modals; carry out sectoral restructuring projects; restructure State budget; conduct close fiscal policies and flexible monetary policies in favor of macro-economic stability; prevent waste of natural resources; strive for less energy consumption per GDP (down 1-1.5% per year).
The plan also targets to tighten management and effectively optimize loans; gradually reduce Government guaranteed loans; control public debts under 65% and foreign debts below 50% of GDP by 2020.
The program also strives for higher average social investment capital (around 32-34% of GDP) in the period./.
By Kim Anh
