Govt mulls new State investment projects
Laos’ budgetary tensions have forced the government to cut spending in State investment projects in a move to prevent the country from being dragged further into chronic debt. Therefore some new State investment projects planned for this year might be postponed until next year following the government’s projection that the country’s revenue collection will attain only 96 percent of the annual target. Deputy Minister of Planning and Investment Dr Kikeo Chanthabouly told Vientiane Times on Friday that State investment projects are mainly in areas related to public works and transport as well as the irrigation sector. “For sure, our government will not approve new project proposals regarding the construction of public office buildings,” he said.
