Lao Govt Explains Main Reasons For Rising Debt Burden
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 moreThe 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 moreThe impact of the coronavirus on the economy has driven revenue collection back by three years, the deputy prime minister has told the National Assembly
Read moreThe 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 moreA survey conducted in 2019-2020 revealed that 851,257 families in Laos work in agriculture
Read moreSource: Vientiane Times The National Committee for anti-money laundering (AML) and counter-terrorism financing (CTF) has reviewed the progress of preparations
Read morePrivate 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 moreSmall 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 moreThe 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 moreRevenue 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 ….