35 percent of Lao budget for debt repayment
The Lao government has instructed central and local state organisations to use up to 35 percent of the annual total budget allocated to them to repay debt they have accumulated.
The instruction was part of debt payment measures resolved by the annual government meeting where the cabinet members, Vientiane Mayor and provincial governors met in Vientiane recently, according to the resolution of the meeting.
A report presented at the meeting showed 20 central state organisations, four provinces and the capital of Vientiane accumulated debt of 29,107 billion kip. However, many organisations have not yet reported about their debts.
