(VOVworld)-The Prime Minister has endorsed the strategy on public and foreign debts by 2020  with a vision until 2030.

Photo: internet

The strategy aims to ensure balanced state budget for socio-economic development and national financial security in line with Vietnamese context and international practices. Public debt would not be allowed to exceed 60 per cent of GDP by 2030. The State budget deficit would be held below 4.5 per cent per year by 2015 and 4 per cent by 2020. The strategy would ensure a completion of debt repayment obligations not to affect the government’s international commitment.