Laos in need of more funds for payment of debt, salaries, development

The government plans to spend its budget of 43.49 trillion kip this year. - Lao Economic Daily

VIENTIANE (Vientiane Times/Asia News Network): The payment of government officials’ salaries, investment in development projects and repayment of debts constitute the largest portion of government expenditure allocated for 2023, according to the Ministry of Finance.

The government will increase its expenditure budget from 34.5 trillion kip in 2022 to 43.49 trillion kip this year.