Vantai24h - According to information from VnExpress on 21/9, cited by the Ministry of Finance said, government debt including both at home and abroad by the end of 2015 has exceeded 2 billion billion (nearly 94.3 billion dollars) .

The Ministry of Finance has just released Debt Bulletin No. 3, with the latest updated data until the end of 2013 on the repayment obligation of the economy. According to this document, within four years, the government debt has increased twice, from $ 52.5 billion (2011) to $ 94.3 billion (2015).

While domestic debt tends to increase rapidly, from $ 20.4 billion to $ 54.6 billion, slower foreign debt growth, from $ 32.3 billion to $ 39.6 billion by the end of 2015. Also in By 2015, the total amount of government debt will be 2.5 times higher than 2011, equivalent to $ 13.3 billion (about 288 trillion). The government's debt-to-government ratio over the four years from 2011 to 2015 has also increased steadily, from 162% to more than 206%.

In terms of absolute numbers, the country's external debt (foreign and government debt) has risen, surpassing $ 80.8 billion (approximately 1.75 trillion) over the period. However, this indicator tends to decrease compared to GDP.

Unlike the previous public debt bulletin, Ministry of Finance first published data related to local government borrowing and repayment in issue 5. In four years, the debt tripled from $ 1.1 billion to $ 3.3 billion. According to this newsletter, in 2015, the government paid more than $ 5.4 billion to pay off the guarantee.

The Public Debt Bulletin is a six-monthly publication published by the Ministry of Finance, with a 6-month lag.

At the meeting of the Standing Committee of the National Assembly in March this year, Finance Minister Dinh Tien Dung acknowledged that "public debts rise rapidly due to management work". Mr. Dung said in the 2011-2015 period, while the target for GDP growth was 7.5% and then reduced to 6.5%, the reality was 5.9%. At that time, total loans of the economy was about 1.4 trillion dong, including 330 trillion dong of government bonds that were allowed to be issued under the old State Budget Law.

Capital mobilization for the period 2011-2013 is also considered too high, the interest rate is too high with a loan of 13% per year, leading to the pressure of repayment from 2014 to now.

As a "national treasurer," Dung was worried "spending is determined by demand, but economic growth is not as good as expected."

VnExpress

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