The government has cited five reasons for its spiralling public debt over the past five years, which is continuing even though measures have been introduced to address it.Read more
The impact of the coronavirus on the economy has driven revenue collection back by three years, the deputy prime minister has told the National AssemblyRead more
The Lao government has announced that it will manage and address public debt in various ways as it seeks to ease the country’s financial tensions.Read more
A survey conducted in 2019-2020 revealed that 851,257 families in Laos work in agricultureRead more
Source: Vientiane Times The National Committee for anti-money laundering (AML) and counter-terrorism financing (CTF) has reviewed the progress of preparationsRead more
Private investment prospects in Laos remain robust despite the nation’s drop in ranking on the World Bank’s Ease of Doing Business Index, according to a government report.Read more
Small and Medium Sized Enterprises (SMEs) in Laos must prepare for a new challenge when the government enforces the Law on Value Added Tax (VAT) next year.Read more
The government has cleared a plan to lower its budget deficit for 2018 but it still requires more funds to repay domestic and overseas loans.Read more
Revenue collected over the past 10 months of the 2015-16 fiscal year has accomplished only 74.52 percent of the set annual plan approved by the National Assembly, according to financial officials.
The revenue shortfall has further escalated budgetary tensions, creating greater concerns for the government to seek more funding to meet expenditure needs.
Economists worried that the failure to collect the ….