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.

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