Focus on mobilizing and disbursing foreign loans

(Baonghean.vn) - The Ministry of Finance said that one of the key solutions for State budget management in November 2015 is to continue focusing on reviewing, negotiating, and accelerating the disbursement of foreign loans according to plan.

Illustration from the Internet.

The socio-economic situation in October 2015 improved thanks to low oil prices; China's economy had a slow recovery rate, the economies of Russia, Brazil and some other developing economies were still facing many difficulties; world commodity prices continued to move in a downward trend, especially crude oil, metal and agricultural groups.

Domestically, the macro economy in October 2015 continued to develop in a positive direction: low inflation, domestic demand recovered, total social investment capital and FDI disbursement remained at a good level, industrial production continued to increase compared to the same period, inventories continued to decrease. In the first 10 months of 2015, FDI attraction and disbursement both increased sharply, reaching the highest level in the period 2011-2015. Foreign direct investment by October reached 19.29 billion USD (up 40.8% compared to the same period in 2014). Realized FDI capital also increased sharply by 16.3% compared to the same period in 2014 (estimated at 11.8 billion USD). Realized investment capital from the State budget reached 173.3 trillion VND, equal to 82.3% of the yearly plan and up 4.2% compared to the same period in 2014.

Regarding state budget revenue, the total state budget revenue realized in October is estimated at 95.6 trillion VND; cumulative revenue for 10 months reached 777 trillion VND, equal to 85.3% of the estimate, up 6.3% over the same period in 2014. Of which, domestic revenue is estimated at 75 trillion VND, up about 33 trillion VND (equivalent to an increase of 78.6%) over the previous month, cumulative revenue for 10 months reached 578.2 trillion VND, equal to 90.5% of the estimate, up 16.2% over the same period in 2014; of which, many revenue items have completed the yearly estimate.

Regarding state budget expenditure, in October it is estimated to reach 97.9 trillion VND; accumulated expenditure in 10 months is 918.4 trillion VND, equal to 80.1% of the estimate, up 7.4% over the same period in 2014. Of which, development investment expenditure in October is estimated at 13.1 trillion VND; accumulated expenditure in 10 months is approximately 137.9 trillion VND, equal to 70.7% of the estimate, up 8.1% over the same period in 2014... By the end of October, disbursed construction investment capital for projects is estimated at 133.5 trillion VND, equal to 70.1% of the estimate (in the same period in 2014 it reached 70.6% of the plan). Government bond capital disbursed in 10 months is estimated at 54% of the plan and lower than the same period last year, reaching 64.9% of the plan.

Debt payment and aid expenditure in October is estimated at 13.5 trillion VND; accumulated expenditure in 10 months reached 127.3 trillion VND, equal to 84.9% of the estimate, up 10.3% over the same period in 2014, ensuring full and timely payment of debts due as committed. State budget deficit in 10 months is estimated at 141.4 trillion VND, equal to 62.6% of the year's estimate. As of October 25, 2015, the total capital mobilized for the State budget in October 2015 was 30,451.8 billion VND, of which the volume of bonds issued by bidding method reached 8,161.8 billion VND, 3.3 times higher than September 2015 and equal to 64.2% compared to the same period in 2014. Accumulated capital mobilization for the State budget and development investment according to the assigned plan up to October 26, 2015, the State Treasury has mobilized 157.9 trillion VND, reaching about 63% of the plan.

In November 2015, the Ministry of Finance plans to issue 45 Circulars to serve the management of the State budget. The key tasks in November 2015 set by the Ministry of Finance are to continue to develop and complete documents guiding the State Budget Law, complete the State Budget framework for 2016, develop a report assessing the implementation of the State budget estimate for 2015 and the estimate for 2016... Next, the Ministry will focus on organizing the implementation of solutions on State budget collection; strengthen tax inspection, examination, post-clearance inspection; strictly control VAT refunds; implement feasible solutions to complete the State budget collection task in the context of oil prices continuing to have a downward trend; review, negotiate, and accelerate the disbursement of foreign capital in cash to balance the State budget; mobilize and disburse foreign loans according to plan; Speed ​​up equitization progress, divest non-core investments according to plan and roadmap...

Red River