Gov’t sets tasks for 2014, including 5.8% GDP growth
Gov’t sets tasks for 2014, including 5.8% GDP growth
The Government has issued a resolution on the main tasks and solutions to implement the socio-economic development plan for 2014.
In general, the major tasks for next year include stabilizing macro-economic conditions, restraining inflation, and gaining a reasonable growth rate.
Specifically, the country hopes to obtain a GDP growth rate of around 5.8 percent, an export turnover increase of about 10 percent, and a trade deficit of under 6 percent.
A number of other targets include CPI increase of 7 percent, total investment for social development of around 30 percent of GDP, state budget overspending of 5.3 percent, and 1.6 million new jobs.
In order to fulfill these targets, the Government would focus on comprehensively restructuring credit organizations, conducting flexible and effective monetary policies, applying tight fiscal policies, practicing thrift, and creating favorable conditions for businesses to access capital supply, the resolution said.
Among other solutions are speeding up equitization of State-owned enterprises, deeply integrating into the global value chains, improving people’s living standards, and strengthening social welfare.
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