Budget

The National Assembly of Cambodia approved on 30 November a 2016 defence budget of USD383 million, a 17% increase against spending in 2015. The defence allocation amounts to around 9% of total government expenditure for the year and about 2% of GDP. ...

Trade unions are proposing a new committee to monitor the country’s social fund for injured workers, pension program for civil servants and health care for the poor in a bid to improve and expand coverage. ...

Cambodia fared dismally in the 2014 budget transparency index compiled by the US-based International Budget Partnership, scoring only eight out of 100 and coming in near the bottom of the 102 countries surveyed, at 94. ...

The $4.3 billion 2016 draft budget moved one step closer to adoption yesterday, as the ruling party-controlled parliamentary committee tasked with reviewing the document gave it the green light. ...

Revenue from ticket sales to foreign tourists visiting Cambodia’s famed Angkor Wat temple reached $47.68 million in the first 10 months of 2015 — up 0.62 percent year-on-year, according to an official statement on Tuesday. ...

The General Department of Customs and Excise (GDCE) of the Ministry of Economy and Finance has collected around 4,649 billion Riel or some US$1.11 billion state revenue for the first nine months of 2015, according to the state news agency-AKP. ...

Revenue from ticket sales to foreign tourists visiting Cambodia’s famed Angkor Wat Temple reached 43.3 million U.S. dollars in the first nine months of 2015, up 0.24 percent year-on-year, according to a news statement on Friday. ...

Cambodia has earned nearly US$40 million from foreign tourists who visited Angkor Wat in the first eight months of this year, according to a report released Friday. ...

The Council of Ministers on Friday approved a draft strategy on 2015-2018 public debt management. ...

Budget decisions and oversight were among the subjects discussed by representatives from Viet Nam, Laos, Cambodia and Myanmar together with foreign experts at a joint workshop that opened in the central coastal city of Da Nang yesterday. ...

Deputy Prime Minister Keat Chhon has demanded officials reveal just how much they are spending on state-funded trips overseas and what those trips are accomplishing, a move observers said was a long overdue bid for accountability in an often-abused system.In a letter dated July 10 ...

Opposition party leader Sam Rainsy yesterday proposed the National Assembly increase the amount local authorities are allocated from the national budget, arguing that the current sum is insufficient.​ ...

The General Department of Customs and Excise (GDCE) collected more than $360 million in revenues for the national budget during the first quarter of 2015, a 13 per cent increase year-on-year, according to a statement from the department released last week. ...

The Cambodian government earned about $80 million leasing economic land concessions and forests to private companies over the last three years, according to a report from the Ministry of Economy and Finance released last week. The January report, signed by Prime Minister Hun Sen, found that ...

For Cambodia to provide quality public services will require reform of its financial management system, an economist says. “Public financial management” is the balance of government revenue and expenditures, and it requires strong institutions to build public services like education, health and infrastructure, Heng Dyna, an ...

National mail service provider Cambodia Post reported a 10 per cent increase in 2014 revenues yesterday, as increasing consumer confidence boosted use of the once-fledgling service. The service provider, which was privatised in 2011, collected $5.19 million in revenue last year, up 14 per cent from ...

Cambodia’s Anti-Corruption Unit has reported issuing repeated letters to government institutions demanding they stamp out the corrupt phenomenon of “ghost workers,” though after months of similar demands, little headway appears to have been made. ...

The chairman of parliament’s banking and finance commission yesterday rejected allegations of misuse of state funds at the National Assembly, which were raised on Tuesday by opposition lawmaker Son Chhay. Cheam Yeap, a ruling Cambodian People’s Party lawmaker who heads the commission, said Chhay was wrong ...

The Kingdom’s telecom regulator announced this week that it would transfer telco operator revenues it traditionally receives to the Ministry of Posts and Telecommunications as part of government reforms on revenue collection. ...

An opposition lawmaker in Siem Reap province is planning to file a complaint to the Constitutional Council to review National Assembly President Heng Samrin’s decision not to forward his request to terminate Sokimex’s Angkor Wat ticket collection licence. ...

The National Assembly’s Anti-Corruption Commission will visit Siem Reap this month to further probe claims Angkor Archaeological Park’s manager, the Apsara Authority, underreported ticket sales, as new figures show a drop in visitors to the World Heritage site last month. ...

Cambodia’s lowest paid high-school and primary-school teachers will receive a $25 increase to their base monthly salary by the end of May, the government revealed on Monday. Prime Minister Hun Sen announced the raise at the opening of the National Literacy Campaign on Monday and reiterated ...

A senior National Military Police commander has denied accusations he’s been skimming his officers’ wages, insisting the money docked covered their food. Via a statement by military police spokesman Kheng Tito, the deputy chief of the Security Information Department, Hong Vynal, hit back at claims on ...

An opposition lawmaker probing alleged irregularities in Angkor Archaeological Park’s ticket revenues says he’s sceptical about figures released yesterday by the site’s managers showing a boost in sales last month. ...