Government

Budget

National Assembly approves $43M budget

The Standing Committee of the National Assembly (NA) on September 19 approved the NA budget for 2023 of 171 billion riel ($43 million). ...

Lay Samean
https://www.phnompenhpost.com/national/national-assembly-approves-43m-budget

Cambodian debt stands at $9.81b

In the last three months, Cambodia paid $183 million in foreign debt, with total debt standing at $9.81 billion. However, authorities remain unconcerned, claiming funds are being funneled into investment and development. ...

Seng Mengheng​ and Chhorn Raksmey
https://kiripost.com/stories/cambodian-debt-stands-at-981b

60% of state savings’ to be spent on Covid

The government is on track to spend more than $2.127 billion or about three-fifths of Cambodia’s state savings of $3.5 billion over the 2020-2022 period to manage the impact of the Covid-19 crisis on key sectors, according to Ministry of Economy and Finance secretary of ...

Hom Phanet
https://www.phnompenhpost.com/business/60-state-savings-be-spent-covid

France backs Cambodian budget and accounting reform

Cambodia and France recently signed a Memorandum of Understanding (MoU) on the implementation of the second phase of the Budget and Accounting Support Project. ...

Khmer Times Staff
https://www.khmertimeskh.com/50989672/france-backs-cambodian-budget-and-accounting-reform/

Government approves draft budget of $7,993 million for its expenditure next year

The government today approved a draft budget of $7,993 million for its expenditure next year, an increase of 6.8 percent compared to this year. ...

Chea Vanyuth
https://www.khmertimeskh.com/50957204/government-approves-draft-budget-of-7993-million-for-its-expenditure-next-year/

Sweden and EU continue to fund Parliament-focused NGO’s Cambodian efforts

Sweden and the EU on May 11 provided $1.5 million for a two-year project spanning 2021-2022 to support the Parliamentary Centre of Asia’s (PCAsia) Cambodian activities. The agreement was signed virtually on May 11. ...

Mom Kunthear
https://www.phnompenhpost.com/national/sweden-and-eu-continue-fund-parliament-focused-ngos-cambodian-efforts

Management of Cambodian local funds under transparency review

The Asia Foundation and Silaka with support from the New Zealand Ministry of Foreign Affairs and Trade this week launched a three-year project to promote the transparent and accountable management of local funds in Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50813450/management-of-cambodian-local-funds-under-transparency-review/

Civil servants’ expense stipends cut

Prime Minister Hun Sen on Tuesday issued a sub-decree on steps to reduce government spending for domestic and foreign missions for national and sub-national administrations due to COVID-19. It set the rules and procedures for implementation of the expense budget for civil servant missions to ...

Khann Chan Virak
https://www.khmertimeskh.com/50803609/civil-servants-expense-stipends-cut/

Oil money to boost digital education

The government has announced it will make good use of future “oil money” by directing some of it to the promotion of digital education designed to meet the domestic demand for technical and skilled personnel. ...

Jason Boken
https://www.khmertimeskh.com/50802717/oil-money-to-boost-digital-education/

Fiscal revenue growth revised down

The Cambodian government has revised its target for year-on-year fiscal revenue growth to 0.3 percent of gross domestic product (GDP), down from the planned 0.5 percent increases as outlined in the original Revenue Mobilisation Strategy 2019-2023. ...

Harrison White
https://www.khmertimeskh.com/50777271/fiscal-revenue-growth-revised-down/

2021 draft budget sees a half billion reduction

The Royal Government of Cambodia, through the Council of Ministers, has approved a draft annual budget of approximately $7.62 billion for the year 2021. The approval was made during a cabinet meeting held last Friday, chaired by Prime Minister Hun Sen. ...

Harrison White
https://www.khmertimeskh.com/50776654/2021-draft-budget-sees-a-half-billion-reduction/

Public has little say in gov’t spending, says NGO

Cambodia’s legal and policy framework provides little opportunity for citizens and civil society organisations to have a say in public financial management at the national level, said a study by NGO Forum which was released on Tuesday. ...

Mom Kunthear
https://www.phnompenhpost.com/national/public-has-little-say-govt-spending-says-ngo

Council of Ministers approves draft law on state assets

The Office of the Council of Ministers has approved the draft law on Control, Use and Management of the State Assets, which aims to ensure that state assets are preserved for the common interests of the country and the people. The Ministry of Economy and ...

Ben Sokhean
https://www.khmertimeskh.com/50741610/council-of-ministers-approves-draft-law-on-state-assets/

Overall development assistance transparency improving

The triannual “Publish What You Fund” international aid transparency index was released on Wednesday, ranking several prominent Cambodian development donors and stating that overall transparency is improving. ...

Harrison White
https://www.khmertimeskh.com/50738183/overall-development-assistance-transparency-improving/

PM Hun Sen says ‘budget balanced’

PRIME Minister Hun Sen yesterday stated that the Kingdom has brought the budget into balance, with current savings standing at $3.5 billion. The statement was made in response to doubts about whether or not Cambodia is telling the truth when claiming to have up to ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50736883/pm-hun-sen-says-budget-balanced/

Non-garment sectors predicted to remain healthy next year

The Kingdom’s non-garment industry is predicted to remain healthy next year, supported by the agriculture and services sector, according to the government’s national strategic budget plan 2021-2023. ...

Sorn Sarath
https://www.khmertimeskh.com/50734782/non-garment-sectors-predicted-to-remain-healthy-next-year/

Trimmer 2021 budget: Government plans 50 percent drop in spending

Amid the outbreak of the coronavirus the government plans to trim the 2021 state budget to around $4 billion, accounting for about a 50 percent drop from this year’s state budget, including an 11.3 percent drop for social affairs and 6.4 percent for general administration. ...

Ben Sokhean
https://www.khmertimeskh.com/50734167/trimmer-2021-budget-government-plans-50-percent-drop-in-spending/

Supreme Council members to receive uniforms for events

An undisclosed amount of money from the national budget will be used to purchase uniforms and insignias for 49 members of the Supreme Council for Consultation, the government said on Monday. The officials will don the uniforms during major local and international events. In November last ...

Long Kimmarita
https://www.phnompenhpost.com/national/supreme-council-members-receive-uniforms-events

‘Reforms sink commerce ministry’s revenue by 50%’

A reduction in red tape saw Ministry of Commerce revenue decline 50 per cent last year compared to 2018, its annual report revealed. However, it said the bureaucratic reforms would boost the Kingdom’s competitiveness. The report showed that the government had eliminated some export procedures ...

Thou Vireak
https://www.phnompenhpost.com/business/reforms-sink-commerce-ministrys-revenue-50

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