News

Gov’t revenue $4.9B, spending $6.3B

The government’s national revenue collection in the first 10 months of 2023 reached nearly $4.9 billion, equating to almost 78% of the target set by the 2023 Law on Financial Management, while total expenditures stood at over $6.3 billion, as reported by the Ministry of ...

https://www.phnompenhpost.com/business/gov-t-revenue-4-9b-spending-6-3b

Gov’t reveal 2024 revenue, spending plans

Cambodia is planning for government revenue and spending equivalent to 23.07 per cent and 26.29 per cent of GDP (gross domestic product) in 2024, respectively. ...

Van Socheata
https://www.phnompenhpost.com/business/govt-reveal-2024-revenue-spending-plans

Cambodia reports $6.6M budget surplus in 11 months

The Royal Government of Cambodia has collected 22,302 billion riels or $5.44 billion as the total national revenue in the first 11 months of 2022, while the total national expenditures reached 22,275 billion riels or $5.43 billion, resulting in 27 billion riels or $6.6 million ...

Kang Sothear
https://www.khmertimeskh.com/501214805/cambodia-reports-6-6m-budget-surplus-in-11-months/

Government revenue reaches 75 percent of Budget Bill in first three quarters

The government revenue has reached some 11,921 billion Riel (approximately $3 billion) in the first three quarters of this year. ...

Khmer Times Staff
https://www.khmertimeskh.com/50977133/government-revenue-reaches-75-percent-of-budget-bill-in-first-three-quarters/

Gov’t income and expenditure under control despite C-19

The government revenues and expenditures were under control in the light of Covid-19 through a range of reforms on revenue collections. ...

Chea Vanyuth
https://www.khmertimeskh.com/50976835/govt-income-and-expenditure-under-control-despite-c-19/

PWSA aims to achieve $85M in revenue this year, up 7.1%

Cambodia Securities Exchange- (CSX) listed Phnom Penh Water Supply Authority (PWSA) has set a revenue target of 347,441,665,000 riel ($85.35 million) for 2021, or 7.11 per cent up from the figure reported last year. ...

Thou Vireak
https://www.phnompenhpost.com/business/pwsa-aims-achieve-85m-revenue-year-71

Agro report reveals drop in state fisheries revenue

A report issued by the Ministry of Agriculture for the first nine months of this year showed a dramatic decline in government revenue from the fisheries sector, while providing incomplete information on revenue from other agricultural sectors. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/agro-report-reveals-drop-state-fisheries-revenue

As Foreign Aid Increases, Questions About Conditions

Cambodia has seen huge growth of foreign aid and loans over the past two decades, but experts are beginning to question its worth—and what conditions might be attached. Total aid from 1993 to 2012 amounts to around $10 billion, with the percentage of aid coming as ...

http://www.voacambodia.com/content/as-foreign-aid-increases-questions-about-conditions/1664821.html

Cambodia’s Economic Growth Will Help Poverty Reduction

Cambodia economic growth was 7.3 percent in 2012. Agriculture grew by 4.3 percent, crops by 4.9 percent, fisheries by 6.7 percent, industry by 9.2 percent, garment [sector] by 6.9 percent and the service industry by 8.1 percent, said Dr Hang Chuon Naron, Secretary of State ...

http://thesoutheastasiaweekly.com/

Hun Sen Says 2013 Budget Will Balance Despite Spending

Prime Minister Hun Sen yesterday said that Cambodia’s budget for next year was balanced, claiming that a planned increase in public spending will be made up for by a rise in government revenue. Despite concerns from the opposition that foreign borrowing should be reduced, the National ...

http://www.cambodiadaily.com

Hun Sen Announces Tax on Land Concessions

Prime Minister Hun Sen on Friday amended a directive on economic land concession (ELC) taxes, which will mean that owners of agricultural ELCs must pay tax of $5 on every hectare of land after the fifth year of ownership, according to the Council of Ministers. Mr. ...

Cambodian government considers raising duty tax on local cigarettes

A packet of local Cambodian ARA cigarettes costs 1400Riel, around £0.22. Government tobacco tax on local products is currently 10%. Smoking and drinking is endemic in the poor youth of Cambodia and tax hike is proposed to cut the addiction. Ayda Yurekli, an academic from the ...

http://www.demotix.com/news/1456882/cambodian-government-considers-raising-duty-tax-local-cigarettes#media-1456638

A winning wager

Near the river in Phnom Penh and next to Diamond Island, there’s a huge, bunker-like building that is almost always a beehive of activity. Inside, there are people enjoying an evening concert or strolling around studying the decor, including large stone faces of the Buddha. Others, however, are occupied with more mundane matters-placing ...

http://www.etmcambodia.com/blog.php?article=474

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