Fiscal policies work to keep inflation under control

To control inflation below 4 per cent as set by the National Assembly, it was necessary to reduce cost-push impacts, increase the supply of goods and prevent inflationary psychology. — VNA/VNS

HANOI (Vietnam News/Asia News Network): Fiscal policies have worked to promote economic growth and control inflation in the first months of this year, Deputy Minister of Finance Võ Thành Hưng said, adding that close watch would be placed on the market to ensure inflation was within the National Assembly’s target.

Hưng pointed out that the rapid increases in global commodities prices from the beginning of this year significantly affected the domestic market with skyrocketing food and raw material prices.