Debts mounting but Laos won’t default: finance minister


VIENTIANE (Vientiane Times/Asia News Network): The annual amount of debt-service payment has risen from US$1.2 billion in 2018 to US$1.4 billion this year, a top government official has revealed.

Minister of Finance Bounchom Ubonpaseuth (pic) clarified the main reasons for the nation’s growing public debt and possible solutions to the problem when addressing National Assembly members on Monday.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Laos , debts

Next In Aseanplus News

Myanmar to launch 5G services in early 2027
Japanese tourist arrivals to Laos jump 36 per cent amid renewed tourism push
Hundreds of homes affected as torrential rain batters Lang Son
Booms from across the border jolt Rantau Panjang residents
‘Race Across the World’ puts Cambodia’s Angkor in the spotlight as film tourism ambitions grow
Police use drone to locate woman with intellectual disabilities
Foreign tourist injured in bear attack in Japan’s Aomori Prefecture
Brunei-Malaysia chambers set sights on stronger trade, investment
Bukit Aman probes illegal street race after video shows expressway blocked
Civil Defence man dies after being bitten by king cobra

Others Also Read