New law sets public debt at not more than 25 percent of revenue

The government will be the only authority to determine the size of public debt, which must not be over 25 percent of annual state revenue. A debate by National Assembly (NA) members yesterday made this stipulation concerning the Law on Public Debt. Deputy Prime Minister and Minister of Finance, Mr Somdy Duangdy, introduced a draft of the law to the Assembly…

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 Vientiane Times

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New law sets public debt at not more than 25 percent of revenue

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