Lao govt urged to hasten privatisation of ailing state units - News Summed Up

Lao govt urged to hasten privatisation of ailing state units


Another option open to the government to improve its financial position is to turn underperforming state enterprises into state-private joint ventures. The economists also suggested that private and state enterprises should be encouraged to adopt electronic transaction methods and pay taxes electronically. With regard to state financial sector reform, economists said the government should continue to identify sustainable sources of revenue. The economists also suggested that private and state enterprises should be encouraged to adopt electronic transaction methods and pay taxes electronically. This would help the government to prevent further leaks of state revenue.


Source: The Nation Bangkok May 16, 2018 18:00 UTC


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