PM reveals measures to bolster economic growth
Prime Minister Thongloun Sisoulith told the National Assembly that the government will employ a number of measures to spur economic growth amid the current economic and financial constraints. The prime minister on October 31 responded to questions raised by Assembly members about stimulus measures and policies the government will take to boost the economy. The government pledged to ensure a stable and steady macro economy through the harmonised implementation of financial and currency policies and measures to ensure annual economic growth of at least 7 percent. The prime minister committed to closely follow up the implementation of tax and customs policies and regulations as well as amending them appropriately in order to promote investment and business operations. Laos is suffering from chronic debt, budget and trade deficits, violation of financial discipline, and revenue leaks, which are the main reasons for the current economic and budget difficulties, Mr Thongloun told the lawmakers.
