News
Vientiane residents irked over proposed road fund
A large number of Vientiane residents are concerned about a proposed road fund to which they would be required to contribute, the Vientiane People’s Council heard on Friday. Addressing other members of the Council, Mr Prachit Xayavong said We admit there are concerns about the ...
Economists, private sector optimistic about strong Lao economy in 2017
Economists and the private sector are confident that the Lao economy has a good chance of achieving the expectations set for 2017 despite global uncertainties, but urge more effective management of the macroeconomy, the price of goods, and improvement of the investment and business climate. ...
Revenue shortfall drives budget deficit abnormally high
Revenue collection for this fiscal year reached only 95 percent of the annual plan, driving the budget deficit to 6.9 percent of gross domestic product, higher than the maximum of five percent usually adopted by the government. Economists have warned that such high deficits will increase ...
