(KPL) The Ministry of Finance has said that the economic growth in the first six months was relatively good while revenue collection reached over five trillion kip or 48.8 per cent of the revenue collection plan.
The revenues collected for the national coffer in the first six months includes 3.8 trillion kip sourced locally and 1.35 trillion kip as foreign grants.
In the first half of the year, the national budget expenditure for 2009-2010 period is implemented by over 55 per cent, according to Deputy Minister of Finance, Ms. Viengthong Siphandone.
Ms. Viengthong said that revenue collection in Vientiane reached 4.3 trillion kip and 774 billion kip were collected in provinces across the country. She pointed out that the mobilization of foreign assistance was achieved by 53.3 per cent of the government's plan.
Although the revenue collection in the first six months does not meet the plan it is 11.9 per cent higher than that in the same period last year and the government has managed to keep the budget expenditure to set rate as planned.
In the first two quarters, the implementation of the domestic and foreign investment promotion plan is achieved by 46.2 per cent.
To ensure revenue collection, Ms. Viengthong suggests, it is necessary to improve budget inspection and the implementation of legal instruments and law on finance, promote the participation of the public in exploiting potential revenue sources, make more efforts in mobilizing fund and create favorable condition for domestic and foreign investment.
Comments:
Facebook- Related News
- Related News:Mongolia looks to sweeten trade with Laos (812 Hits)Laos reviews 25 years of economic reform (520 Hits)The Fight to Preserve Lao Traditional Dress (673 Hits)Political System of the Lao PDR (405 Hits)Result of the 7th Japanese Speech Contest (227 Hits)
- Latest News
- Latest News:เบเบปเบกเบเบณ===เบเบปเบกเบซเบเบญเบ (315 Hits)เบฎเบนเปเบเบฑเบเบเปเบญเบเบงเบฒเบ (405 Hits)เบเบตเบเบญเบ เบเบตเปเบ (605 Hits)Lao Social Media scene by Sounay Phothisane (517 Hits)
- Most Read News
- Most Read News:เปเบเบ เบญเปเบญเบเปเบญ เปเบเบ Anita (3342 Hits)เบเบฒเบเบเบฐเบเบปเบ เปเบกเปเบกเบตเบเบณ เบเบญเบเบเบฒเบ เบเบฒเบเปเบ โFrom Pakse With Loveโ (2530 Hits)13 เบเบต เบชเบเบ เบฅเบฒเบง เปเบเบปเปเบฒเปเบเบฑเบ เบชเบฐเบกเบฒเบเบดเบ เบญเบฒเบเบฝเบ (2034 Hits)Genii with World Cup Fever (1712 Hits)
- Author News
- More from this author:New Lao Genii girl group (1096 Hits)Mongolia looks to sweeten trade with Laos (812 Hits)Laos reviews 25 years of economic reform (520 Hits)Australian government provides H1N1 vaccines (327 Hits)Lady's hot hit song "Soot ti Huk" (756 Hits)Yom Jai Orn (978 Hits)
