Laos govt pledges to reduce debt burden

VIENTIANE, Jan 30 (Vientiane Times/ANN): The government has vowed to restructure the payment of debts by converting its financial obligations into investment by the private sector.

The government also intends to lower the fiscal deficit to an average of 2 percent of Gross Domestic Product (GDP) annually from 2021 to 2025, according to a recent government report.