Salaries for state employees will increase by 1,900 kip per index as planned next fiscal year
Salaries for state employees will increase by 1,900 kip per index as planned next fiscal year, which will begin in October, despite current budget tension. According to Chairwoman of the NA’s Economic, Planning and Finance Committee, Dr Souvanpheng Bouphanouvong, The Prime Minister confirmed that the state budget is capable of paying out the increased salaries as planned.
At its ongoing fifth ordinary session the National Assembly approved in principle the state budget plan for the next fiscal year giving a green light for the government to spend up to 29,580 billion kip or 32.63 percent of gross domestic product (GDP) for total spending next year including salary expenditure.
In a meeting with the government cabinet in June, the NA’s standing committee proposed to cut the salary increase plan to only 1,000 kip per index instead of 1,900 kip for the first six months in an effort to relax the budget tension and then consider the matter again later for the second six months.
Chairwoman of the NA’s Economic, Planning and Finance Committee, Dr Souvanpheng Bouphanouvong said that, The Prime Minister confirmed that the state budget is capable of paying out the increased salaries as planned. She cited the confirmation made by Prime Minister Thongsing Thammavong at the June meeting in Vientiane.
Dr Souvanpheng stated that the next fiscal year’s budget plan approved by the NA covers the additional spending on the salary increase as planned. The original increase was stated in the Prime Ministerial decree, which announced increases to the salaries of state employees for three consecutive years, beginning this fiscal year.
Source: LNTV Lao News in English
