Fiscal, monetary policies on right track: economists
Fiscal and monetary policies have been on the right track since early this year, members of the National Advisory Council on Fiscal and Monetary Policies confirmed at their quarterly meeting recently held in Hanoi.
They reached a consensus on the issue after reviewing the recent global and domestic economic developments such as the US’s Federal Reserve (FED) raising US dollar interest rates, and increasing trade protectionism and its impact on the domestic economy.
The economists recommended that the government should regularly update and evaluate information from other economies to make strategic moves.
Deputy Prime Minister Vuong Dinh Hue
In the meantime, the government should prioritise the restructuring of five key areas, including the commercial banking system, public investment, State-owned enterprises, budget collection and spending, and operation of public services establishments.
Deputy Prime Minister Vuong Dinh Hue, who chairs the Council, asked the ministries of Finance, Planning and Investment, and the State Bank to refine socio-economic reports and supplement more norms regarding growth quality to be submitted to the government’s monthly meeting slated for early April.
