- Business

SIA President addresses people’s representatives’ concerns

On Dec 23 at the ongoing 4th Ordinary Session of the National Assembly, President of the State Inspection Authority Khamphanh Phommathat answered questions raised by members of the National Assembly about tax exemption for fuel imports, the reform of commercial banks and state enterprises and other issues of national interest.
On Dec 23 at the ongoing 4th Ordinary Session of the National Assembly, President of the State Inspection Authority Khamphanh Phommathat answered questions raised by members of the National Assembly about tax exemption for fuel imports, the reform of commercial banks and state enterprises and other issues of national interest.

As for the reform of commercial banks and state enterprises, the State Inspection Authority is working with relevant authorities including the National Assembly commissions and relevant ministries to find a consensus on how to address document problems in the near future.

“We have discussed with the President of the National Assembly and we have found that there are a lot of problems we need to address together,” said Mr. Khamphanh.

A report by the President of the State Inspection Authority identified difficulties including slow provision of information and materials by relevant sectors. It pointed out that the documents are ambiguous and incomplete as they fail to state a specific timeframe for tax exemption.

“In the near future, the State Inspection Authority will continue to work with the Commission on Planning and Finance of the National Assembly and the State Audit Organisation to seek a common solution on the document issues,” said Mr Khamphanh.

“The authority has inspected 38 projects worth over 318 billion kip. These projects have been found to be effective and necessary for the basic infrastructural development in rural areas and the improvement of people’s livelihood but no debts of these projects have been paid as they are unapproved projects and their owners are unable to pay the debts. Therefore we have asked the National Assembly whether the government needs to list these projects as approved projects or not,” said SIA President.

He attributed the slow progress in project inspection to chronic lack of necessary human resources and financial support.

With cooperation from relevant ministries, organizations and authorities, the State Inspection Authority has inspected 616 projects, each valued at less than 10 billion kip.

Source: LAO News Agency