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Cablegate: Vietnam: Millenium Challenge Account Data

This record is a partial extract of the original cable. The full text of the original cable is not available.

UNCLAS HANOI 000650

SIPDIS

PHNOM PENH PASS USAID

E.O. 12958: N/A
TAGS: EAID ECON EFIN VM
SUBJECT: VIETNAM: MILLENIUM CHALLENGE ACCOUNT DATA

REF: STATE 46075

1. OVERALL BUDGET BALANCE: The IMF and GVN track the
overall fiscal balance in three ways: 1) overall fiscal
balance excluding onlending and capital costs of reform; 2)
overall fiscal balance including onlending; 3) augmented
fiscal balance including onlending and capital costs of
reform. These numbers come from IMF Country Report 02/151.
In trillions of Vietnamese Dong:

Method 1: Method 2: Method 3
1998 1): -0.5; 1998 2): -5.8; 1998 3): -8.2
1999 1): -3.3; 1999 2): -10.4; 1999 3): -10.4
2000 1): -12.0; 2000 2): -21.9; 2000 3): -21.9

IMF Preliminary Estimate:

2001 1): -15.8; 2001 2) -21.1; 2001 3): -21.1

2. GOVERNMENT EXPENDITURES ON HEALTH: According to the
Ministry of Finance budget data website,
http://www.mof.gov.vn/solieu_e/2000.htm, the GVN spent 6.55
trillion Vietnamese Dong in 2000.

3. GOVERNMENT EXPENDITURES ON PRIMARY EDUCATION: According
to the Ministry of Finance budget data website,
http://www.mof.gov.vn/solieu_e/2000.htm, the GVN spent
15.998 trillion Vietnamese Dong in 2000.

4. GDP: The IMF Hanoi office provided these figures. At
current market prices, in trillions of Vietnamese Dong:

1998: 360.6
1999: 399.942
2000: 441.646
2001: 481.296
2002: 536.097

5. A number of issues with the above data exist. In
addition to the unavailability of recent data, data is
constantly in flux due to poor collection mechanisms.
Furthermore, Vietnam has begun to decentralize some
expenditures even though it has yet to establish a single
accounting system for budget reporting, making central
accounting even more difficult.
PORTER

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