Laos govt planning to spur economic growth in 2020
VIENTIANE (Vientiane Times) – Laos needs about 27 per cent of Gross Domestic Product (GDP) for development in 2020 to ensure the country’s steady economic growth.
Of this amount, 4,750 billion kip, or 10.2 percent of the total, will be taken from the domestic budget, Deputy Prime Minister and Minister of Planning and Investment, Dr Sonexay Siphandone, informed the National Assembly last week.
The government’s investment using Official Development Assistance (ODA) is 8,125 billion kip, amounting to 17.5 percent of total investment.
News Desk
