Lao People's Democratic Republic: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 009

Publication date: January 2005

ISBN: 9781451822540

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Public Finance , ISCR , CR , debt burden , SOE debt , stock indicator , GDP deflator , revenue effort , tax revenue , sustainability analysis , U , S , dollar , debt stock indicator , revenue performance , revenue administration , Lao authorities , service-to-revenue ratio , Debt service , Public and publicly-guaranteed external debt , Southeast Asia

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Summary

This Selected Issues paper and Statistical Appendix for the Lao People’s Democratic Republic underlies debt sustainability analysis. Sensitivity analysis reveals that if the pace of economic reforms falters, the debt burden—high even in the baseline case—could become unsustainable. The low level of development and the high share of the subsistence agricultural sector limit the revenue collection capacity. Weak technical capacity and highly fragmented revenue administration are the main structural weaknesses affecting revenue performance.