Minister of Finance Bounchom Oubonpaseuth Archives - J&C Group

Laos Faces Spiralling Budget Deficit

31/07/202131/07/2021 J&C Admin 177 Viewsfiscal 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.