Fiscal Deficit To Narrow

February 2006
Asia Monitor: South East Asia Monitor Volume 1;Feb2006, Vol. 17 Issue 2, p5
Country Report
Country Report
The article focuses on the fiscal deficit of Vietnam, which is likely to narrow down in the coming years. In 2005, the fiscal deficit of Vietnam widened due to the high cost of the government's oil subsidies. But, it is expected that the global oil prices are likely to moderate over the next five-years, thereby bringing in more funds from the government's privatization plans. This would narrow down the fiscal deficit of Vietnam to 2.9% of Gross Domestic Product by 2010, from 4.9% officially recorded in 2005.


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