Politics

Dire financial figures work in Lao leader’s favour


BANGKOK – Laos wrapped up its latest National Assembly session early this month, leaving Laotians with a dire picture of its financial health.

Cabinet members revealed jaw-dropping figures that were aired on state media: The communist country with a nominal gross domestic product (GDP) of US$11.9 billion (S$16.6 billion) last year is spending US$1.4 billion this year to service debt obligations.



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