The Role of the State Treasury in the Implementation of the Fiscal Policy to Ensure Microeconomic Stability and Social Security (Research in Vietnam)

Author:

Nghi Ph. H.1,Son L. H.1

Affiliation:

1. The Banking Academy of Vietnam

Abstract

In the period 2011–2016, Vietnam’s macroeconomy had not been stable; social security had not witnessed any improvements from the previous period while the state budget was targeted at a large number of objectives such as economic growth, inflation control, assuring security, national defence and social security. During this period, the role of the State Treasury was essential in managing and monitoring cash flow, regulating state budget spending and making it effective for the economy to implement fiscal policy and macroeconomic stability as well as ensuring social security. Accordingly, given the current constraints of fiscal policy, what are the orientations for the State Treasury in performing its operational activities to stabilise the macroeconomy and ensure social security?

Publisher

Financial University under the Government of the Russian Federation

Reference9 articles.

1. Annual state budget report from 2011 to 2016. The State Treasury of Vietnam.

2. /2015/QH13. Law on State Budget promulgated by the National Assembly on 8 December 2015.

3. /2006/QH11. Resolution of the National Assembly on the five-year socio-economic development plan 2006–2010.

4. /NQ-CP. Resolutions on major measures to control inflation, stabilise the macro economy, and ensure social security.

5. Chanda A. K., Maddala G. S. (1983). Methods of estimation for models of markets with bounded price variation under rational expectations. Economics Letters, 47, 181–184 [Erratum in Economics Letters, 15 (1984), 195–196]

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