Asia-Pacific round-up: Thailand aims to keep a lid on public debt, and more

30 Nov 12
A round-up of public finance stories from Asia-Pacific you might have missed this week (November 26-30)

A round-up of public finance stories from Asia-Pacific you might have missed this week (November 26-30)

Thailand to keep public debt below 50% of GDP

Public debt management strategies will be aimed at maintaining debt under 50% of gross domestic product, to help create a cushion for policy makers in case of future crises, says Chularat Sutheethorn, director-general of the Public Debt Management Office (Bangkok Post).

 

Fiscal Policy Institute opens in Indian state of Karnataka

The newly-opened Fiscal Policy Institute has identified 150 competencies to train government officials from implementing budget to public financial management (Deccan Herald).

 

Vietnam budget deficit estimated at nearly VND154 billion

The Vietnamese budget deficit was estimated at VND153.8 trillion on November 15, more than 9.7% above the spending plan for 2012 approved by the National Assembly (VietnamNet Bridge).

 

Billions kept in private accounts, Pakistani public accounts committee told

The Public Accounts Committee has been told that billions of rupees of funds of the Ministry of Defence Production were kept in private accounts instead of state accounts (The News, Pakistan)

 

Philipinnes deficit doubles as spending picks up

The Philippine budget deficit in the first 10 months of 2012 more than doubled compared to a year before as government spending picked up (Rappler).

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