Positive signs of public investment cut
11:16 | 02/06/2011
VGP – The growth rate of public investment has slowed down during the past months since the Government introduced Resolution No. 11/NQ-CP, according to the General Statistics Office (GSO).

The Government’s decision to cut public investment is part of its efforts to contain inflation. The public investment shrinkage reflects a host of positive signs.

Firstly, the Government’s resolution has been effectively implemented, resulting in consecutive month-on-month reduction in public investment.

This trend has contributed to lowering the consumer price index (CPI) in May and the CPI is expected to continuously go down in the coming months.

Secondly, it showed the fact that different affiliates of ministries, sectors and localities have been keen on and capable of translating the resolution into reality.

The next step is followed in the direction that public investment cut should be consistently carried out to slash down inflation.

By Hải Minh

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