Master plan on thrift practice promulgated

Illustration photo

Under Decision 2544/QD-TTg, the program targets to exercise thrift practice in all aspects of the socio-economic sectors; and build programs on anti-wastefulness in 2016-2020.

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