Open AccessThe Role of the State Treasury in the Implementation of the Fiscal Policy to Ensure Microeconomic Stability and Social Security (Research in Vietnam)
Author(s) -
Ph. H. Nghi,
Lovely Son
Publication year - 2019
Publication title -
review of business and economics studies
Language(s) - English
Resource type - Journals
eISSN - 2311-0279
pISSN - 2308-944X
DOI - 10.26794/2308-944x-2019-7-3-16-24
Subject(s) - treasury , social security , fiscal policy , state (computer science) , economic policy , inflation (cosmology) , economics , deficit spending , cash flow , control (management) , finance , business , public economics , macroeconomics , market economy , political science , debt , physics , algorithm , theoretical physics , computer science , law , management
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?