Under Decision 437/QD-TTg, the PM approved the plan of borrowing 384 trillion VND (16.89 billion USD), with 275.97 trillion VND in domestic loans and 108.03 trillion VND in foreign loans. Of the total, 341.77 trillion VND (15.03 billion USD) will be used to balance the State budget, 195 trillion VND (8.58 billion USD) for offsetting budget overspending, 146.77 trillion VND (6.45 billion USD) for repaying principal, and 42.23 trillion VND (1.85 billion USD) for relending. Meanwhile, the Government will pay 256.769 trillion VND (11.29 billion USD) worth of debts, along with 18.56 trillion VND paid for re-borrowing projects. The PM also approved limits of loans guaranteed by the Government in 2018. Under the programme, public debt (including Government debt, Government guaranteed debt and local Government debt) should not exceed 65 per cent of gross domestic product (GDP).

Source: VietNamNet News April 24, 2018 03:56 UTC