Pantheon Macroeconomics
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24th Aug 2022 13:36Emerging Asia, Daily Monitor
Don’t set store by the reported plunge in Vietnam’s public debt-to-GDP ratio in 2021 to a record low...
...Remember that the denominator is inflated; falling external and secured debt remain the key themes.
Fiscal consolidation in the first half of 2022 was sharp, thanks largely to a strong revival in revenue.
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