Deputy Prime Minister Somdy Douangdy

Lao Economy

Mining Slump, Improper Planning Blamed For Budget Tensions

The enormous drop in revenue generated from mining coupled with improper budget planning has been the main cause of the budget tensions Laos has faced over the past few years, Deputy Prime Minister Somdy Douangdy told parliament recently.
Mr Somdy, who is also Minister of Finance, addressed the National Assembly (NA)’s inaugural session recently, highlighting the main causes of the financial …..

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