Yearly us budget deficit

Jakarta (VNA) – The Indonesian government is planning to issue Samurai and Eurobond bonds in the second half of 2020 to fund the fiscal deficit, according to a finance ministry official. There are plans to issue Samurai and Eurobonds in the second half, Deni Ridwan, a director at the finance ministry, told media in a recent teleconference but he denied to specify the amount and the date of the issuances. In the first quarter of this year, the country has issued state bonds worth 221.4 trillion rupiah (15.7 billion USD), including international bonds. According to head of the fiscal policy agency at the ministry, Febrio Kacaribu, the COVID-19 pandemic created a new deficit of 6.54 percent of the country’s GDP or 1,039 trillion rupiah from previously 5.07 percent of the GDP or 852.9 trillion rupiah. Its economic growth is predicted to be negative 0.4 percent with very severe scenarios and 2.3 percent with severe scenarios. The country’ budget revenue is also … [Read more...] about Indonesia to issue Samurai, Eurobond bonds to fund deficit

“The government needs to sketch plans to restructure its budget and provide transparent information on Vietnam’s precise and total amount of public debt,” Dr. Doanh suggested. “A backup plan must also be drafted as a contingency response to a worst case scenario of insolvency.” … [Read more...] about Vietnam’s public debt to double in ten years: expert

“We are very happy about the recognition of Hung Yen People’s Committee for our contribution to socioeconomic development and the state budget. The expansion and investment of Nestlé Bong Sen Factory reflects our long-term commitment to the development of Vietnam in general and Hung Yen in particular.” … [Read more...] about Nestlé Vietnam recognised for contributions to provincial development and state budget

There are now more than 50,000 technology businesses in the country with many new solutions from young enterprises and experts, serving domestic demand and export, the Prime Minister said, asking ministries and sectors to propose policies to facilitate the development of IT businesses. … [Read more...] about 30% of level 4 public services expected to go online this year

PM Phúc noted the sub-committee should make changes to targets on economic growth and average income per capita in the ‘new normal’ context. The sub-committee should also make careful consideration on breakthrough strategies, especially the role of science and technology, human resource training, promoting autonomy, adaptability and resilience of the economy. … [Read more...] about Party Congress sub-committee considers adjusting growth targets for next 5 years