Capital mobilization through government bonds reached 17.3%

According to a report from the State Treasury, in the first 6 months of the year, the State Treasury has mobilized 17.3% of the planned capital for the state budget and for development investment through the issuance of government bonds.

In 2022, the task of raising capital for the state budget assigned by the Ministry of Finance to the State Treasury is VND 400,000 billion. In the first 6 months of the year, the State Treasury closely followed the developments of the financial and monetary market, the collection and expenditure of the central budget, and the state budget balance to proactively report and propose solutions to the Ministry of Finance. organize the implementation of capital mobilization through the issuance of government bonds.

Accordingly, the State Treasury has publicized the annual and quarterly issuance plan and schedule so that investors can actively arrange capital to participate in the market; proactively adjust the volume and interest rate of each issuance of government bonds to ensure capital mobilization in the market at a reasonable interest rate, suitable to the capital needs of the central budget; closely coordinate with relevant units under the Ministry of Finance in advising the leadership of the ministry on the management and administration of the state budget and public debt; coordinated with the Hanoi Stock Exchange, the State Securities Commission and the Department of Finance and Banking to organize a conference on implementing bond market activities in 2022.

With the above solutions, by the end of June 30, 2022, the State Treasury has mobilized 69,087 billion VND, reaching 17.3% of the 2022 plan assigned by the Ministry of Finance. The average maturity of government bonds is 14.75 years; the average issuance interest rate is 2.45%/year; The remaining maturity of the government bond portfolio is 9.2 years.

In the last 6 months of the year, the State Treasury continued to closely monitor the state budget collection, the disbursement progress of public investment capital, the central budget's principal repayment plan and the market situation to manage the issuance volume. matching government bonds; issue a variety of bond maturities; operating issuing interest rates reasonably, in line with the direction of monetary policy.

At the same time, the State Treasury continues to organize the safe and effective management of the state budget, promptly respond to the expenditure tasks of the state budget and transaction units, and increase the use of the state budget for the budget. The central government borrows to reduce the task of issuing government bonds in the context of market volatility, low liquidity and high interest rates.

Baoquangninh.com.vn