Arab Today, arab today laos to borrow 263m due to budget deficit
Last Updated : GMT 19:09:22
Arab Today, arab today
Arab Today, arab today

Laos to borrow $263m due to budget deficit

Arab Today, arab today

Arab Today, arab today Laos to borrow $263m due to budget deficit

Beijing - XINHUA

The Lao government plans to borrow 263 million U.S. dollars to secure funds for projects in the 2013-2014 financial year, according to state-run daily Vientiane Times on Tuesday. The announcement came during the prime ministerial decree on the implementation of the 2013-2014 socio-economic development plan. During the 2013-2014 financial year, the Lao government plans to spend funds equivalent to 2.2 billion U.S. dollars. Revenue collection in the current financial year is expected to yield approximately 1.9 billion U.S. dollars and the sale of bonds to local and international investors will generate an additional 37.5 million U.S. dollars. According to Vientiane Times, 225 million of the 263 million U. S. dollar budgetary deficit will be borrowed from international sources while the rest will be sourced locally. The remainder of funds will be provided by official development assistance from Laos'development partners. The decree on the implementation of the 2013-2014 socio- economic plan states that 73.22 percent of state collected revenue will come from domestic sources including business, land and import export taxes as well as state enterprises and the sale of timber. The largest area of expenditure for the 2013-2014 financial period will be state investment at 44 percent of the budget. State salaries will be the second largest at 19.33 percent followed by the payment of debt and administrative costs at 13 and 9 percent of the budget, respectively. Financial observers are confident that the budget deficit level is still within an acceptable range and will not cause significant impact on the country's macroeconomic stability. A number of investment projects are expected to come to fruition in the next several years which will further solidify the national economic landscape. Laos receives considerable support from the international community with approximately 777 million U.S. dollars in financial aid and technical support provided throughout the 2012-2013 financial year. Of that contribution, about 72 percent are grants while the remainder are low interest loans. The Lao government has invested the money on some 883 development projects throughout the country.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today laos to borrow 263m due to budget deficit Arab Today, arab today laos to borrow 263m due to budget deficit

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today laos to borrow 263m due to budget deficit Arab Today, arab today laos to borrow 263m due to budget deficit

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday