Laos govt pledges to reduce budget deficit in 2022 and address current economic difficulties

Image from Vientiane Times/ANN

VIENTIANE, Jan 15 (Vientiane Times/ANN): The government has announced that it will attempt to lower its fiscal deficit to just 3,098 billion kip in 2022, which is equal to 1.61 percent of the Gross Domestic Product (GDP).

The pledge comes as the government continues to ease budgetary tensions and minimise its public debt burden at a time when it is struggling to source more funds to address the shortfall.