Jump to content

By 2025, Laos hopes to have paid off its USD 14 billion debt.


Recommended Posts

Posted

energy-umspannwerk-himmel-1-2000x1125.jpg

 

With earnings from mining operations and reformed state firms, a total of USD 13 billion in foreign debt and USD 900 million in domestic debt will be paid off.

 

According to the Vientiane Times, Minister of Finance Bounchom Ubonpaseuth recently stated in the National Assembly's ninth legislative that the country expects to pay its debts over the next five years, from 2021 to 2025, and then from 2026 to 2030, using newly found revenue streams.

 

The administration says it would look for new sources of revenue as well as explore the potential for more revenue from the mining and energy sectors.

 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...