The government plans to borrow more than 2 million billion VND in 3 years

The objective is to ensure loan mobilization through diversification of domestic and foreign capital sources and methods of borrowing to meet the needs of the State budget balance, including mobilizing loan capital to implement policies. fiscal policy to support the program of socio-economic recovery and development.

In addition, strictly control debt safety indicators, ensuring them within the limits approved by the National Assembly; promote the development of the domestic capital market.

According to the decision, the total loan amount of Goverment period of 2022 – 2024, up to about VND 2,044 million billion, of which loans Central budget about 1,927 million dong, about 117 trillion dong on loans. Total debt repayment of the Government in the period of 2022-2024 is about 1,116 million billion VND, of which direct debt repayment is about 971 trillion VND, loan repayment is about 145 trillion VND.

Regarding the Government guarantee, the Government guarantee level ensures that the growth rate of the Government-guaranteed outstanding loans does not exceed the growth rate of the gross domestic product of the previous year and is within the Government guarantee limit for the period 2021-2025. Parliament approved.

For the two policy banks, the annual guarantee for the Vietnam Development Bank in the period of 2022-2024 is up to equal to the annual obligation to repay the principal of the Government-guaranteed bonds to maturity (VND 15,737 billion); The guarantee level for the Bank for Social Policies in the period 2022-2024 is up to the annual obligation to repay the principal of the Government-guaranteed bonds (VND3,851 billion) plus the issuance obligation to implement the policies. The policy on preferential loans is stipulated in Resolution No. 43/2022/QH15 dated January 11, 2022 of the National Assembly on fiscal and monetary policies to support the program of socio-economic recovery and development (Resolution). No. 43/2022/QH15) up to 38,400 billion VND.

For the Government’s loan plan in 2022, up to VND 673,546 billion, including: Loans for the central budget balance of a maximum of VND 646,849 billion, of which the maximum loan to offset the central budget deficit is VND 450,700 billion, loans to repay the principal not more than 196,149 billion dong; loans on on-lending VND 26,697 billion.

The Government’s debt repayment is about 335,815 billion VND, of which the Government’s direct debt payment is not more than 299,849 billion VND, the repayment of on-lending projects is 35,966 billion VND.

Regarding the loan and repayment plan of the local government, borrowing from the Government’s foreign loans and other domestic loans is about 28,637 billion VND.

Local government debt repayment is 6,111 billion dong, including principal payment 3,637 billion dong and interest payment 2,474 billion dong.

For foreign commercial loans of enterprises that are not guaranteed by the Government, the limit of medium and long-term foreign commercial loans of enterprises and credit institutions by self-borrowing and self-payment method is up to USD 7,300 million. ; The growth rate of short-term foreign debt balance is about 25% compared to the outstanding balance as of December 31, 2021.

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