Budget

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. ... ...

The cabinet will hold a debate on Friday and is expected to approve the 2018 budget of $5.86 billion, an increase of 16.2 percent from last year’s $5.04 billion, according to a government document seen by Khmer Times yesterday. ... ...

Prime Minister Hun Sen has allocated about $40 million per year from next year after the garment and footwear industry workers’ minimum wage increased to $170 per month. ... ...

Workers earning less than $300 each month will no longer be taxed on their earnings from January 2018, Prime Minister Hun Sen announced yesterday. ... ...

The government spent far less than half of its approved $5 billion budget for expenditures in 2017 during the first six months of the year, according to a new report by the Ministry of Economy and Finance (MEF). ... ...

Prime Minister Hun Sen announced yesterday that the government will cut back on recruiting new employees next year to reduce its spending on civil servant salaries. ... ...

Royal Government of Cambodia has spent approximately US$30 million a year on sub-national administrations in order to ensure their quality service provision, particularly on priority issues. ... ...

A newly elected opposition commune chief who allowed constituents to put a donation box in his office to fund commune services has found himself under fire by ruling party peers and higher-ups. ... ...

As the government used the untapped funds of an emergency rice loan package to support struggling corn farmers , people in the sector considered this action as a good solution although there was not much success proved. ... ...

The government will use the untapped funds of an emergency rice loan package to support struggling corn farmers who have protested the low market prices for their crop this season, state officials said yesterday. ... ...

Prime Minister Hun Sen has authorized a six-month extension of the government’s anti-drug campaign, an anti-drug authority official said on Thursday. ... ...

The Financial Management Information System (FMIS), a reform initiative designed to improve the governance and transparency of national budget management, will be applied to 10 government ministries later this year after a successful implementation of the scheme at the National Treasury Department, officials said yesterday. ...

In what one observer said was simply an act of politicking, the opposition CNRP on Thursday said it would push its campaign pledge of giving $500,000 to every commune in the National Assembly. ... ...

The CNRP will cut all ministry budgets by 20 percent if it wins next year’s national election to free up funds to provide $500,000 annually to each commune, the party’s spokesman said on Monday, a proposal dismissed by the ruling party as empty election season ...

A group of NGOs from the education sector yesterday urged the government to boost education spending to at least 20 percent of the country’s budget – a benchmark the Ministry of Education had hoped, and failed, to hit last year under its strategic plan. ... ...

The government should increase the annual budget of communes by $100,000 to increase the quality of life for ordinary Cambodians, an analyst has told VOA Khmer. ... ...

Foreign Affairs Minister Prak Sokhonn said yesterday that the Cambodian embassies and consulates abroad lack sufficient financial resources, with Prime Minister Hun Sen immediately promising $2 million for the ministry to upgrade embassies’ motor pools – albeit within reason, he cautioned. ... ...

The 2017 national budget, with more than $5 billion in expenditures, was passed by the Senate yesterday without any changes despite opposition from the CNRP. Expenditures in the 2017 budget are up 15.6 percent compared with 2016 and include more than $1 billion in foreign loans. ...