PM requires careful monetary policies
20-06-2012
Government targets economic growth in 2013 of 6-6.5%
In the Instruction, the PM set targets for 2013, including economic development targets related to economic restructuring.
The main tasks in developing the economy during the next year include monetary polices, credit, tax, land, administrative innovation, and improved economic growth to reach GDP growth of 6-6.5%.
Restructuring the economy will focus on three main fields, including investment, the financial markets, and enterprises.
The PM also urged the restructuring of State-owned enterprises, improved competitiveness and better operational effectiveness of state economic groups. Serious and explicit sanctions need to be applied to raise the effectiveness of state-owned capital and assets.
Monetary policies will favour private enterprises to help them access capital, raising the level of credit to reasonable levels.
In the next year, electricity, coal, petroleum prices and some other services will be stabilised more strictly with a suitable road map.
The PM also outlined in the Instruction that 22-23% of GDP would be drawn into the state budget in 2013. Domestic incomes (except for raw petroleum and land tax) will grow by at least 14-16% compared to this year.
