World bank points Laos's economic will grow 8%

as the growth of economic in the eastern Asia and pacific are moving to normal status plus the demand of domestic and the investment increases which may affect and boost Laos economic and to grow at 8% in 2013
Mrs KeothanyVone Phimmahaxay, the economist of world bank (WB) in Laos told the reporter on 2 June 2013: the growth of Laos economic will be boosted by many sectors such as the Hydro power sector, Industrial processing sector and the services.however the demand of domestic consumers and investment remain continually pressure the balance of payment with foreign countries. the latest report of WB was pointed that, the development of economic, Budgets and the effective sectors and transparent especially the income of mining sector and including the budgets of government spent on the health care. the report also mentioned that Laos enters the WTO on Feb 2013 which is the important step of establishing the economic control system that rely on regulations and is a important part of the attempt to change or develop from Natural resource sector.
mrs Keomanyvone Phimahaxay, the shorten of budget may rise in this fiscal year which is because of the salary increased for government officials and pension plus the increase of total income of govt that may slow down together with the growth of economic.