Inflation Control and Financial Facilities Strategy slide image

Inflation Control and Financial Facilities Strategy

Summary State Budget 2021 Accelerating Economic Recovery and Strengthening Reforms 1. The global and domestic economy in 2021 will still be in uncertainty. Pandemic handling efforts and the availability of vaccines will determine the acceleration of economic recovery 2. The 2021 State Budget deficit of 5.70 percent of GDP is aimed at maintaining the momentum of economic growth, as well as avoiding opportunity losses in encouraging the achievement of national development targets 3. The 2021 State Budget will continue the expansionary-consolidative countercyclical policy by taking into account flexibility in responding to economic conditions and encouraging prudent and sustainable fiscal management 4. National development priorities will focus on Health, Education, Information and Communication Technology, Food Security, Social Protection, Infrastructure, and Tourism. Source: Ministry of Finance 86
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