Lao People's Democratic Republic : Staff Report for the 2013 Article IV Consultation.

This 2013 Article IV Consultation highlights that over the past year, the economy of the Lao People's Democratic Republic has been overheating from expansionary macroeconomic policies. The fiscal deficit is estimated to have widened to 6 1\2 percent of GDP, mainly fro'm a doubling of publi...

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সংস্থা লেখক: International Monetary Fund. Asia and Pacific Dept
বিন্যাস: পত্রিকা
ভাষা:English
প্রকাশিত: Washington, D.C. : International Monetary Fund, 2013.
মালা:IMF Staff Country Reports; Country Report ; No. 2013/369
অনলাইন ব্যবহার করুন:Full text available on IMF
বিবরন
সংক্ষিপ্ত:This 2013 Article IV Consultation highlights that over the past year, the economy of the Lao People's Democratic Republic has been overheating from expansionary macroeconomic policies. The fiscal deficit is estimated to have widened to 6 1\2 percent of GDP, mainly fro'm a doubling of public sector employee compensation and higher capital spending. Government liquidity is tight, and wage and other arrears of 2-3 percent of GDP have emerged. Monetary policy has been accommodative, and credit growth remains vigorous. Although medium-term growth prospects remain favorable, based on robust natural resource exports and post-WTO expansion in the nonresource sectors, heightened vulnerabilities have subjected the outlook to considerable uncertainty.
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