THE government has cited several reasons for its spiralling public debt over the past five years, which is continuing even though measures have been introduced to address it.
Speaking at the National Assembly recently, Deputy Prime Minister and Minister of Finance Somdy Duangdy outlined the key challenges and measures needed to minimise public debt over the next five years.The first reason for the surge in financial liability was the huge loans taken on to finance the construction of hydropower projects, which fuelled public debt.
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