Decree on Preparation of National Budget Plan (Government No. 554/ລບ, Vientiane, 2023)
法令——关于编制国家预算计划（政府第554/ລບ号，万象市，2023年）
ດຳລັດ ວ່າດ້ວຍການສ້າງແຜນງົບປະມານແຫ່ງລັດ (ລັດຖະບານ ເລກທີ 554/ລບ, ນະຄອນຫຼວງວຽງຈັນ, 2023)
Summary
This government decree stipulates principles, steps, and methods for formulating national budget plans (five-year, medium-term, and annual budgets) to establish a robust and sustainable national fiscal foundation and ensure macroeconomic stability.
Articles
Article 1
Purpose. This Decree stipulates the principles, procedures, and methods for formulating the national budget plan, ensuring its institutionalization, accuracy, completeness, timeliness, transparency, traceability, oversight, and uniformity nationwide. It aims to secure a robust and sustainable national fiscal foundation, maintain macroeconomic stability, and contribute to the realization of the national fiscal development vision and strategy, as well as the national economic and social development plan.
Article 2
Preparation of the State Budget Plan. The preparation of the State Budget Plan refers to the forecasting of state budget revenues, expenditures, and balance for each period, commencing with the formulation or revision of the five-year state budget plan, the medium-term state budget plan, and the annual state budget plan.
Article 3
Interpretation of Terms. The meanings of the terms used in this Decree are as follows: 1. National Budget Plan Compilation Manual: refers to the various guiding documents, forms, and printed templates stipulated by the Ministry of Finance concerning the compilation of the national budget plan, serving as a tool for each budget unit to compile its own budget plan; 2. Government Contingent Liabilities: refers to obligations arising from government guarantees, which will convert into debt when the guaranteed party is unable to perform the contract; 3. National Budget Ceiling (Cap): refers to the forecasted values of national budget revenue, national budget expenditure, and the balance of national budget revenue and expenditure; 4. National Fiscal Risks: refers to risks arising from macroeconomic changes, as well as risks that may arise from climate change, epidemic impacts or changes, government contingent liability risks, medium- and long-term economic and fiscal risks, and other risks.
Showing the first 3 of 32 articles. Open the LaoPaniti app for the full trilingual text.
Read the full trilingual text with AI explanation in the LaoPaniti app← LaoPaniti home: AI legal Q&A · contract drafting · Chinese-Lao translation