Budget

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 ...

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. ...

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 ...

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. ...

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. ...

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 ...

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 ...

The government will spend more than $8 billion and take out $2 billion in foreign loans this year, according to the 2020 National Budget Law, which was made public on Tuesday after being signed off by King Norodom Sihamoni. The government will spend some $8.196 ...

Minister of Interior Sar Kheng announced on Tuesday that the budgets for sub-national administrations next year will be paid via the bank to prevent corruption and ensure transparency. He also warned officials not to abuse power for personal gain. Sar Kheng was speaking at the ...

The Senate yesterday unanimously adopted a budget of $8.23 billion for next year’s national budget. All 58 of the 62 senators who attended the plenary session yesterday voted in favour of the draft law. The law was unanimously passed last month by the National Assembly ...

The government has allocated more than 3.5 trillion riel (nearly $900 million) for sub-national level administrations throughout the Kingdom to develop their localities for next year. The figure is an increase of $276 million compared to this year. The allocation was announced during the National Workshop ...

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. ...