Minister of Finance Bounchom Oubonpaseuth Archives -

Laos Faces Spiralling Budget Deficit

31/07/202131/07/2021 J&C Admin 391 Views fiscal budget Laos, fiscal deficit Laos, Gross Domestic Product (GDP) Laos, Minister of Finance Bounchom Oubonpaseuth

The escalating deficit will ramp up the government’s public debt burden, posing challenges for Laos in sourcing more funding to address the shortfall.