Analyst Pin-board: Update On Vietnam’s Budget And Debt
Recently, the Ministry of Finance released preliminary documents of the public budget for 1H2018. The most important point is that, sot seen for a long time, the budget is in surplus. That is due to lower growth of current expenditures, which accounts for 80% of the total state budget expenditures. Meanwhile, tax revenue was adversely affected by lower import-export taxes as Vietnam joined many Free Trade Agreements (FTAs). The pressure on debt repayment is the lowest than it will be in the next three years. Payment on the principal has been lower this year and therefore positive for the budget.
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