Laos Table of Contents
A new "vertical management system" for budgetary allocation was implemented in 1991, directed by the Ministry of Finance. Under this system, all revenue collected by provincial and local authorities is integrated into the national budget, and all expenditures are linked to a national budget expenditure plan. The primary purpose of the system is to ensure that local level expenditures are consistent with national planned expenditures.
Data as of July 1994