Budget

The government will ramp up the budget for provinces by more than $276 million next year to provide high quality and efficient services to the public, an increase of 32.28 percent from this year’s budget.​ Public Functions Minister Pich Bunthin yesterday said at a workshop ...

The government has reserved around $3 billion to cope with a possible suspension of the Kingdom’s access to the EU’s preferential “Everything But Arms” (EBA) agreement. ...

The National Assembly yesterday unanimously approved the draft Budget Law for 2020. The law was approved by 108 of the 123 lawmakers that attended the plenary session of the National Assembly. According to the draft law, the government plans to spend $8.2 billion in 2020, ...

Prime Minister Hun Sen said on Monday that the government will provide $30 million for the state-run Calmette Hospital to continue the construction of a new 12-storey building. Estimated to cost $39.7 million, the building is currently only 17 per cent complete. In a Facebook ...

The government has planned a national budget of more than $7.66 billion for 2020, which will be divided by sectors across 39 ministries and institutions. A press release issued by the Council of Ministers on Friday following a plenary meeting said the government expects the ...

Transparency International Cambodia (TI Cambodia) organised a debate on the national budget income on Friday to raise awareness on the matter. The NGO urged the public to know more about the issue to increase the level of transparency in the national budget’s income and expenditure. ...

Minister of Interior Sar Kheng has ordered commune officials to use next year’s increased annual budget of more than $100,000 “effectively, transparently and responsibly”, with local-level expenditure set to more than double from $50,000 a year. ...

More than 100 representatives from NGOs, local communities, the UN and the government gathered at Himawari Hotel in the capital on Monday to discuss and exchange ideas on climate change adaptation and funding at a sub-national level. ...

The National Committee for Sub-National Democratic Development (NCDD) opened its two-day workshop on Wednesday, with attendees hailing its role in facilitating ongoing reforms in the way finances are administered and responsibilities carried out in Cambodia.​ ...

The government earned $6.6 million in revenue from economic land concessions (ELCs), despite the fact that less than half of the firms granted the concessions paid rental fees, according to a report presented to the United Nations Special Rapporteur on Human Rights. ...

The government’s plan to take a new $2 billion loan for next year’s budget will increase the debt burden to 31.5 per cent of the GDP next year, an analyst from credit rating agency Moody’s said, adding that it remained at a moderate level compared ...

The Council of Ministers on Friday approved its national budget draft of about $6.7 billion for 2019, an increase of 11.4 percent over 2018, and NGOs now want to review it before it is sent to the National Assembly for ratification. According to the draft, ...

The government collected more than $366 million in revenues from the construction sector from 2013 to 2017, mostly from land registration and cadastre, construction, land leases, and property title transfer services, according to a recent government report. ...

The government is to add millions of dollars to its budget for drugs against HIV and its opportunistic illnesses for its battle to reduce and eliminate infections. A government official confirmed that the budget for the drugs would rise to $4.5 million from 2018 to ...

Prime Minister Hun Sen on Friday announced the government’s new strategy for budget reform aimed at enhancing the sound management of public funds. Dubbed ‘Budget system reform programme for 2018-2025’, the new blueprint for the country’s budgetary policy was presented to the public during the ...

Cambodia’s budget process was slightly more transparent last year than in previous years, according to a new report, though scant information is provided to the public over the course of the budget process, with few opportunities for public engagement and limited oversight in its creation. ...

In the past two decades, the government has transferred about $2 billion to lower level administrations in an effort to decentralize.The figure was revealed yesterday during the first day of a two-day conference on decentralization on Koh Pich. ...

The National Assembly, with only ruling party lawmakers in attendance, voted on Friday to pass the national budget for 2018 and to add two additional positions to 10 parliamentary committees, a day after a Supreme Court ruling dissolved the only other party to hold seats in the ...

The government plans to borrow an additional 1 billion through Special Drawing Rights (SDR), or $1.4 billion, to meet its planned budget for next year, bringing the total national debt to $7.6 billion by the end of 2018 compared to the current level of $6.2 ...

The Council of Ministers on Friday approved a national budget for next year that calls for more than $6 billion in spending, the largest increase ever proposed for the Kingdom, with big boosts for education, defence and the arts. ...