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

https://doi.org/10.26794/2308-944X-2019-7-3-16-24

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?

About the Authors

Ph. H. Nghi
The Banking Academy of Vietnam
Viet Nam
Phan Huu Nghi, PhD


L. H. Son
The Banking Academy of Vietnam
Viet Nam
Le Hung Son, PhD, Associate Professor


References

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]

6. Engle, Robert F. (1982). Autoregressive Conditional Heteroskedasticity with Estimates of the Variance of United Kingdom Inflation. Econometrica. 50:4, pp. 987–1007.

7. Maddala, G. S. (1988). Introduction to econometrics. Macmillan Publishing Co., New York. New York, USA.

8. Maddala, G. S. (1983). Limited Dependent and Qualitative Variables in Econometrics. Cambridge University Press, Cambridge.

9. Report of the Ministry of Labor, Invalids and Social Affairs 2000–2014.


Review

For citations:


Nghi P.H., Son L.H. The Role of the State Treasury in the Implementation of the Fiscal Policy to Ensure Microeconomic Stability and Social Security (Research in Vietnam). Review of Business and Economics Studies. 2019;7(3):16-24. https://doi.org/10.26794/2308-944X-2019-7-3-16-24



ISSN 2308-944X (Print)
ISSN 2311-0279 (Online)