Due to the technical errors, the government has just made a corrective document on the public debt situation in 2019 and the expectation of 2020.
Minister of Finance Dinh Tien Dung was authorised by the prime minister to sign and issue this corrective document.
Previously, the government’s 512/ BC-CP report dated October 18, 2019 on the public debt situation in 2019 and the 2020 plan of the government was sent to delegates before the 8th session of the National Assembly. However, during the discussion session on October 22, National Assembly deputies found errors in public debt figures.
In the newly released document, minister Dinh Tien Dung said: “The main reason for the correction is we found some technical errors in the report 512.”
Specifically, the corrected content is: the correct net payment of debts in 2019 is 5.038 trillion dong (before it was 5.038 quadrillion dong); and the government’s correct planned capital mobilisation for the central budget balance in 2020 is 459.4 trillion dong (in stead of 459.4 billion dong).
It is expected that in 2020, re-lending to local governments will be 26.5 trillion dong; re-lending to businesses and public non-business units of 16.9 trillion dong, mobilisation from the state budget and other sources of 95.4 trillion dong; and repayment of principals and interests on re-lending (principal payment of 19.1 trillion dong and interest of 11.0 trillion dong).
Also in this document, the government revised the loan data to repay the central budget’s debt was 232.5 trillion dong.
The new report after correcting clearly stated: In 2020, the government’s direct repayment obligation is about 349 trillion dong, of which domestic debt is about 287.9 trillion dong and foreign debt is about 61.1 trillion dong.
