Copyright Page
IMF Country Report No. 22/261
LAO PEOPLE’S DEMOCRATIC REPUBLIC
TECHNICAL ASSISTANCE REPORT ON GOVERNMENT FINANCE STATISTICS MISSION (OCTOBER 4–29, 2021)
July 2022
This report on Lao People’s Democratic Republic was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed in July 2022.
Copies of this report are available to the public from
International Monetary Fund • Publication Services
PO Box 92780 • Washington, D.C. 20090
Telephone: (202) 623–7430 • Fax: (202) 623–7201
E-mail: publications@imf.org Web: http://www.imf.org
Price: $18.00 per printed copy
International Monetary Fund
Washington, D.C.
© 2022 International Monetary Fund
Title page
TECHNICAL ASSISTANCE REPORT
LAO PEOPLE’S DEMOCRATIC REPUBLIC
Report on Government Finance Statistics Mission (Remote) (October 4–29, 2021)
BY TERUHIDE KANADA
BENEFICIARY COUNTRIES
Cambodia, Lao P.D.R., Myanmar, Vietnam, Indonesia, Malaysia, Mongolia, Philippines, and Thailand
PARTNERS
Japan, Bank of Thailand
DISCLAIMER
The contents of this report constitute technical advice provided by the staff of the International Monetary Fund (IMF) to the authorities of Lao P.D.R. (the “TA recipient”) in response to their request for technical assistance. This report (in whole or in part) or summaries thereof may be disclosed by the IMF to IMF Executive Directors and members of their staff, as well as to other agencies or instrumentalities of the TA recipient, and upon their request, to World Bank staff, and other technical assistance providers and donors with legitimate interest unless the TA recipient specifically objects to such disclosure (see Operational Guidelines for the Dissemination of Technical Assistance Information). Publication or Disclosure of this report (in whole or in part) or summaries thereof to parties outside the IMF other than agencies or instrumentalities of the TA recipient, World Bank staff, other technical assistance providers and donors with legitimate interest shall require the explicit consent of the TA recipient and the IMF’s Statistics Department.
BENEFICIARY COUNTRIES
PARTNERS
Contents
Glossary
SUMMARY OF MISSION OUTCOMES AND PRIORITY RECOMMENDATIONS
DETAILED TECHNICAL ASSESSMENT AND RECOMMENDATIONS
A. Updated Action Plan
B. Regular GFS Data Compilation and Timely Data Dissemination to IMF and on the MOF Website
C. Improiving Fiscal Data accuracy
D. Broadrning Institutional Coverage of GFS
E. Regular PSDS Compilation and Dissemination
F. Tracing COVID-19 related Spending Under Annual Budget for FY2021 and FY2022
TABLES
1. Priority Recommendations
APPENDICES
I. Quarterly and Annual GFS for Budgetary Central Government
II. Quarterly and Annual GFS for Social Security Fund
III. Annual GFS for FY2017-FY2019 Using Budget Execution Data and Official Gazette Data ___
IV. Annual GFS by Realigning Expenditure Data During the Complimentary Period
V. Five-Year Budget Plan (FY2021-FY2025) in Lao PDR
Glossary
| CDOT | IMF Capacity Development Office in Thailand |
| COA | Chart of Accounts |
| DDG | Deputy Director General |
| DMD | Debt Management Department |
| EFD | External Finance Department |
| e-GDDS | Enhanced General Data Dissemination System |
| EFDMD | External Finance and Debt Management Department |
| EPF | Environment Protection Fund |
| FPLD | Fiscal Policy and Law Department |
| GFIS | Government Finance Information System |
| GFS | Government Finance Statistics |
| GFSM 2014 | Government Finance Statistics Manual 2014 |
| JSA | Japan Administered Account |
| LTX | Long-Term Expert |
| MOF | Ministry of Finance |
| MOFA | Ministry of Foreign Affairs |
| NSDP | National Summary Data Page |
| NSSF | National Social Security Fund |
| NTD | National Treasury Department |
| PFM | Public Financial Management |
| PMO | Prime Minister’s Office |
| PRF | Poverty Reduction Fund |
| RBM | Result Based Management |
| PSDS | Public Sector Debt Statistics |
| SOEs | State-Owned Enterprises |
| SOERD | State-Owned Enterprises Reform Department |
| SSF | Social Security Fund |
| STA | IMF’s Statistics Department |
| TA | Technical Assistance |
