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.
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fiscal deficit Laos
Projected Revenue Shortfall Adds To Nation’s Debt Burden
Laos is undergoing an unprecedented level of macroeconomic stress and the pandemic has worsened an already fragile economic landscape.
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Fiscal Deficit Ramps Up Pressures On Lao Government
An elevated fiscal deficit will result in growing public debt, which will ramp up pressure on the country’s debt servicing capacity amid the Covid-19 crisis.
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