Spiralling living costs force Lao families to cut spending on education

Some 65 per cent of households cut spending on education and health. - VT

VIENTIANE (Vientiane Times/Asia News Network): Skyrocketing inflation and income loss due to the Covid-19 pandemic are eroding the purchasing power of households in Laos, forcing them to slash expenditure on health and education.

According to the World Bank’s latest economic update, two-thirds of households have cut spending on health and education, which will likely undermine long-term human capital development.