Fiscal management requires judicious policy actions moving forward. The budget deficit has been persistently high the last few years, resulting in a marked rise in the government debt-to-GDP ratio. While the imposition of appropriate spending restrictions is helpful, the falling revenue-to-GDP ratio needs attention. Furthermore, sustaining growth requires the leveraging of economic gains from electricity and mining production and from infrastructure projects (e.g. the railway from Lao PDR to China) to develop other industries. For instance, agriculture could use additional investment to enhance its climate resilience, operational efficiency and productivity. Despite the movement of labour to other sectors over the years, agriculture still accounts for more than 60% of total employment.