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HANOI Cheap San Jose Sharks Jersey , Sept. 22 (Xinhua) -- Vietnam's public debt was 94 billion U.S. dollars by the end of 2015, or 61 percent of its gross domestic product (GDP), local media on Friday quoted the country's Finance Ministry as reporting.
Of the public debt, external debt was over 39.6 billion dollars, and internal debt was more than 54 billion dollars, daily newspaper Tuoi Tre (Youth) cited the ministry's latest public debt bulletin.
In 2015 Cheap Pittsburgh Penguins Jersey , the Vietnamese government borrowed total loans of 52 billion dollars, mostly internal debt, much higher than the figure in 2011.
Meanwhile, the government paid over 13.3 billion dollars to creditors, mostly local ones.
Since 2013, the government has borrowed money mostly from internal sources Cheap Philadelphia Flyers Jersey , limiting its external debt.
Vietnam's budget revenue over GDP decreased from 26.3 percent in the 2006-2010 period to 23.6 percent of GDP between 2011 and 2016, newspaper Nhan Dan (People) quoted Vietnamese Finance Minister Dinh Tien Dung as saying.
The country's tax policy system will be revised to cover all revenue sources and expand the collection base, especially in regards to new revenue sources in line with international practice.
Vietnam is trying to keep its public debt below 65 percent of GDP between 2016 and 2018, online newspaper VietNamNet reported.
Chinese, Australian armies conclude joint training exercise
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ABUJA Cheap Ottawa Senators Jersey , Sept. 26 (Xinhua) -- The Nigerian government on Tuesday said it was leading the campaign for effective and robust tax regimes in Africa, particularly as there was a strong link between economic development and tax.
At the opening of a two-day international conference on tax in Africa, held in the Nigerian capital city of Abuja, minister of finance, Kemi Adeosun said there was no rich country with a poor tax system and there was also no poor country with a strong tax system.
According to the Nigerian official, there was a need to develop a predictable and transparent tax administration that can guarantee the efficient flow of revenue.
"In Nigeria Cheap New York Rangers Jersey , we are working hard to improve transparency in the system, so as to boost the confidence of taxpayers," she said. "They need to know their money is well utilized to ensure they will be willing to pay tax.
Tagged "Building strong domestic tax regimes in Africa," the international conference was organized to champion the cause of taxation in Africa, through the exchange of information, knowledge dissemination Cheap New York Islanders Jersey , capacity development and active contributions to the region and global tax agenda.
Adeosun said there was also the need for legislative and judicial support to deal with willful tax evaders in African countries, adding "today, we have the lowest tax to gross domestic product (GDP) in the world at 6 percent."
Xi says international community must cooperate on global security
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Scenery of terraced fields in Houyuan Village, China's Fujian
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VIENNA Cheap New Jersey Devils Jersey , Sept. 22 (Xinhua) -- The Organization of the Petroleum Exporting Countries (OPEC) and the participating Non-OPEC oil-producing countries are more allegiant to their commitment to the voluntary production adjustment than never before, an OPEC report showed Friday.
The OPEC consent index soared to a level of 116 percent, the highest ever, according to the Report of the Joint OPEC-Non-OPEC Technical Committee (JTC) for August.
"In August 2017, the OPEC and participating non-OPEC producing countries achieved an excellent conformity level of 116 percent, the highest level since the start of the Declaration of Cooperation Cheap Nashville Predators Jersey ," said the report.
The index was released by the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC).
The JMMC was established following OPEC's 171st Ministerial Conference Decision of Nov. 30, 2016. Some 14 OPEC member countries and 10 non-OPEC oil producing countries made commitments to voluntary adjustments in total production of around 1.8 million barrels per day since then, in a bid to prevent evil cycling competition and fluctuation of the oil prices all around the world.
The second joint OPEC-Non-OPEC Producing Countries' Ministerial Meeting in May this year announced to extend the voluntary production adjustments for another nine months commencing July 1, 2017, following its first six-month reduction deal declared on Jan. 1, 2017.
Iraq Cheap Montreal Canadiens Jersey , Libya and Nigeria reportedly reaffirmed of their commitment to the JMMC internal deal, at its 5th meeting in Vienna Friday.
Premier Li sends congratulatory letter to China-CEEC forum
Xi'an-Chengdu railway to come on stream within 2017
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Irrigation projects help relieve poverty in China's Anhui
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PLA Navy frigates introduced to visitors at Port of Antwerp, Belgium
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