Laos will use revenue earned from potential mining operations, restructured state enterprises and from other as yet untapped sources to pay public debts amounting to almost 14 billion USD.
Vientiane (VNA) - Laos will use revenue earned from potential miningoperations, restructured state enterprises and from other as yet untappedsources to pay public debts amounting to almost 14 billion USD.
The Vientiane Times on August 16 cited a report presented by the Lao Governmentto the National Assembly (NA).
Minister of Finance Bounchom Ubonpaseuth told a recent extraordinary session of the 9th NA that foreign debthas accumulated to about 13 billion USD and domestic debt now stands at 900million USD.
It is planned that debts will be repaid over the next fiveyears from 2021-2025 and then from 2026-2030, with several income streamsidentified to generate the necessary funds.
The Lao Government will strive to boost revenue from new sourcesand explore untapped potential sources of revenue, especially in the mining andenergy sectors./.
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A corner of Vientiane. (Source: Phnom Penh Post) 
