Image from Laotian Times.
However, inflation reached 9.9 percent in the year to April 2022, up from under two percent last year, while long-term job losses and business closures caused by the spread of Covid-19 continue to put pressure on household incomes. “For Laos, because of government debt and poor revenue collection, the situation is particularly challenging. The top policy priority is, therefore, to increase public revenue by reviewing tax exemptions.”
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