Laos Faces Spiralling Budget Deficit
The escalating deficit will ramp up the government’s public debt burden, posing challenges for Laos in sourcing more funding to address the shortfall.
Read moreThe escalating deficit will ramp up the government’s public debt burden, posing challenges for Laos in sourcing more funding to address the shortfall.
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 moreLaos is undergoing an unprecedented level of macroeconomic stress and the pandemic has worsened an already fragile economic landscape.
Read moreAn 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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