The Cabinet of Ministers has approved the adoption of the “Pohosath Ratak – Lassana Jeewithayak” policy statement as the government’s policy framework.
The policy declaration “Pohosath Ratak – Lassana Jeewithayak” (A wealthy country – A beautiful life) has been presented with the aim of sustainable economic growth and development with the aim of a gross domestic product of US$ 120 billion face value in 2030 through a strong production economy.
According to the government, it is grouped under the following 04 main sectors representing all areas including economic, social, environmental and political strata.
- A holistic life –a comfortable country
- A respectable life – a secure country
- A modern life – a wealthy country
- A dignified life – a steady country
Under those 04 areas, 40 sub-sectors have been recognized, while policies, concepts and actions have also been identified regarding those sectors.
Accordingly, the Cabinet of Ministers approved the proposal presented by the President, in his capacity as the Minister of Finance, Planning and Economic Development, to accept the policy declaration “Pohosath Ratak – Lassana Jeewithayak” as the government’s national policy framework.
The President’s proposal also calls to plan and implement all activities accordingly by all the Ministries, Departments, state institutions, provincial councils and local government institutions. (Newswire)
