The payment of government officials’ salaries, investment in development projects and repayment of debts constitute the largest portion of government expenditure allocated for 2023
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The government plans to mobilise 41.15 trillion kip to address the projected fiscal deficit and repay domestic and overseas loans by the end of 2023
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To achieve this goal, the Ministry of Finance has pledged to modernise customs management systems at the main border checkpoints as part of efforts to plug loopholes resulting in financial leaks
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Payment of the tax is obligatory and people who make late payments or fail to pay at all will be fined.
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The government is looking for a suitable company to purchase electric vehicles (EVs) for use by Party and state leaders, aiming to switch to EVs as the price of petrol soars.
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The amended law addresses insurance activity in Laos, insurers’ daily operations, and termination and liquidation of an insurance company.
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