Wed, 08 Dec 2021

VIENTIANE, Oct. 25 (Xinhua) -- The Lao People's Revolutionary Party (LPRP) Central Committee has resolved to systematically address issues concerning the inflation rate and debt, while creating more jobs.

The party's 11th tenure central committee adopted the resolution at the conclusion of its third Plenary Session, which convened on Oct. 18-22, local daily Vientiane Times reported on Monday.

Chaired by the Secretary General of the LPRP Central Committee, Thongloun Sisoulith, the meeting noted that progress made in creating job opportunities fell short of the target.

Recent reports suggested that unemployment has risen following the severe impact on businesses caused by the COVID-19 outbreak. In addition, thousands of Lao workers flocked home from Thailand due to the widespread outbreak of the virus in the country, which worsened the unemployment situation in Laos.

The session also agreed to escalate action to address issues concerning currency exchange rates and the rising cost of living, while striving to maximize revenue collection.

The meeting entrusted the government, party committees and authorities at all levels to take earnest action to address any shortcomings.

Participants reviewed the progress made in implementing the national socio-economic development plan, budget plan and currency plan.

The meeting spelled out measures to fulfill the socio-economic development plan and budget plan in the last quarter of 2021.

Authorities were told to draw up next year's socio-economic development plan and budget plan.

The meeting noted that intensified action had been taken to combat the COVID-19 outbreak.

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