PD-03 Characteristics of Vietnamese Public Debt

Although public debt is understood clearly and intuitively to be the state’s debt, the calculation method and scope of the public debt are rather different among countries. To ensure the ability to compare and control the public debt vulnerabilities of all countries over the world, The International Monetary Fund (IMF) provided the statistical standard definition of public debt (IMF, 2001). This definition takes into account two basic elements: the institutional coverage and the debt instrument coverage.

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