Cabinet approves five decrees to boost economy, improve administration

The government cabinet has approved five new and amended draft prime ministerial decrees to boost socio-economic development and improve administration. They are the draft Decree on Government Bond, Decree on Tourism Fund, Decree on Technical Positions of Civil Servants, amended draft Decree on Private Education Institute Promotion, and amended draft Decree on Administrative Positions.​ The approval was made at the government’s monthly meeting for November held on November 21, which was chaired by Prime Minister Thongloun Sisoulith and attended by cabinet members.​ Final revisions will be made to the five draft decrees in accordance with recommendations from cabinet members.​ The cabinet instructed the Ministry of Finance to work out measures to implement the Decree on Government Bonds to regulate bonds in order to create confidence among investors while minimising risk.​ The Decree on Tourism Fund defines regulations and measures on how money can be raised for the fund and the purpose of its expenditure.

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