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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.

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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

Lao People’s Democratic Republic: Technical Assistance Report on Government Finance Statistics Mission (October 4-29, 2021)
Author: International Monetary Fund. Statistics Dept.