VIENTIANE (Vientiane Times/ANN): An elevated fiscal deficit will result in growing public debt, which will ramp up pressure on the country’s debt servicing capacity amid the Covid-19 crisis.
The government has estimated the budget deficit will rise from 6.69 trillion kip, equal to 3.7 per cent of the country’s gross domestic product (GDP), to 10.3 trillion kip (5.7 per cent of the GDP).
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!