The Lao People’s Democratic Republic (Laos) is facing economic challenges. The country is experiencing a growth slowdown with high levels of public debt. Growing current expenditure and debt service obligations amid sluggish tax revenue led to a widening fiscal deficit in the early 2010s, which remained high into the 2020s despite fiscal consolidation efforts. COVID-19 and deteriorating macroeconomic conditions have disrupted human capital investment...
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DETAILS
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2023/10/01
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Report
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186053
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1
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2023/11/28
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Disclosed
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Raising the Bar - Toward an Equitable and Inclusive Fiscal Policy : Fiscal Incidence Analysis, Lao PDR
Citation
Arayavechkit,Tanida; Garcia Pena Bersh,Natalia.
Raising the Bar - Toward an Equitable and Inclusive Fiscal Policy : Fiscal Incidence Analysis, Lao PDR (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099112823034034615