The government’s monthly meeting was held virtually on May 20-21 under the chairmanship of Prime Minister Phankham Viphavanh to review a comprehensive report on the government’s performance over the past one month and objectives set for June.
The government agreed to continue to remove investment restrains to create favourable conditions for domestic and foreign investors and improve the effectiveness of the single window mechanism, accelerate the revision of agreements on major concessional projects including those in the special economic zones to ensure they are in line with national economic and finance agenda expected to be approved in the near future and continue to monitor and promote the implementation of both public and private projects according to applicable laws and regulations and prepare a report on the implementation of the socio-economic development plan in the first six months and identify priorities for the past six months.
The government members agreed to continue to implement revised budget plan 2020 and prepare to devise the socio-economic development plan for 2022, continue to ease tax payment requirements for entrepreneurs, small, medium and micro enterprises, and attach attention to revenue collection, ensure civil servant salary and other incentives are paid on a regular basis and improve tools and mechanisms for revenue collection and budget spending management to address revenue leakage issues.
The meeting agreed to continue to manage inflation and narrow the exchange rate gap between banks and money changers to make the gap manageable and consider loan interest rate and funding mechanisms to promote domestic production and help businesses amid covid-19 pandemic.
They agreed to continue to make comprehensive preparations for agricultural production in the rainy season, injecting inputs including seeds, animal breeders and technical assistance into agricultural production to ensure food security for domestic and export markets.
The cabinet members also agreed to supervise the price of consumer goods and promote in a concrete manner the consumption of domestic product and attach attention to the preparation of electronic teaching and learning and contemplate on the modernization of teaching and learning and approaches to organizing the leaving examination for grade 5, Matthayom 4 and Matthayom 7 students in case the Covid-19 outbreak is prolonged.
Source: Lao News Agency