Lao Govt details measures to control, repay public debt
The government will reduce the budget deficit to zero by next year to ensure that the country’s high level of public debt can be repaid as p romptly as possible, Deputy Prime Minister Somdy Duangdy told the National Assembly (NA) last week.
Mr Somdy, who is also Minister of Finance, said “We will ensure our spending plan is set at a level commensurate to what we earn,” when addressing the Assembly’s seventh ordinary session.
“It is a challenging issue.”
Souksakhone Vaenkeo
