Some legislators are not happy with the lack of fiscal discipline, asking the government to justify its overspending
Vietnam sold $1 billion of 10-year dollar debt in November 2014.
Legislators call for downsizing government and cutting its expenses
Half of the borrowings will be used for debt servicing as budget is set to stay in deficit
"This showed that the government failed to follow financial discipline seriously"
After Vietnam’s public debt hit US$70 billion in late 2013, economists began to express concerns about the country's financial...
The Russian government on Thursday approved the country's toughest budget since the global financial crisis to keep a tight control...
Experts are concerned about state budget overspending this year as expenditures on the government apparatus have overwhelmed development investments.