Budget

The Royal Government of Cambodia (RGC) Saturday released $40 million budget to intervene in falling paddy prices during the current harvest season, following public concern as prices dropped to as low as 600 riels per kilogramme in some provinces. ...

The Royal Government is set to borrow more than $3 billion from development partners in 2026 to finance key public investment projects aimed at boosting long-term economic growth and productivity, according to the Draft Law on Finance for Management 2026 released by the Ministry of ...

The Ministry of Economy and Finance (MEF) has launched a series of training courses on ‘Green and Inclusive Public Financial Management’ to equip public finance experts with the knowledge and tools to effectively support and implement the fourth phase of Cambodia’s Public Financial Management Reform ...

The Ministry of Civil Service, in cooperation with other government institutions, has established a new monitoring mechanism for the disbursement of salaries and other allowances. The goal is to ensure the correct, targeted use of national funds in accordance with the government’s legal standards and ...

Over the period from 2022 to 2024, more than $10.7 million in salary payments were found to have been overpaid to civil servants at both the national and sub-national levels, say the Anti-Corruption Unit (ACU). Over $9 million has reportedly been recovered. ...

Cambodia has a total public debt of $11.78 billion by the end of the third quarter of 2024 which continues to remain at sustainable and low risk, according to a report from the Ministry of Economy and Finance, yesterday. ...

Sangkat O’Mal authority in Battambang City and several residents have highlighted the lack of availability for the use of the annual commune budget to develop infrastructure to meet the needs of the people. ...

The Royal Government of Cambodia has raised $58.26 million in funds through government bond issuance in 2023. As per current regulations, the country can raise bonds for up to $200 million. The current bond issuance takes up 29 percent of the limit. ...

Based on the preliminary results of the February 25 Senate election, released by the National Election Committee, the ruling Cambodian People’s Party (CPP) is expected to claim 55 of the 58 available seats.  ...

The National Committee for Sub-National Democratic Development (NCDD) has approved nearly $1.8 billion to develop sub-national administrations across the country. ...

Prime Minister Hun Manet said the state has saved over $200 million through the suspension of non-urgent research and case study projects. He has directed the funding towards more pressing target, such as the expansion of social protection and disaster relief. ...

From 2017 to the present, 190 municipal and district administrations across the country have implemented sub-national administrative investment funds (SNIF). This is according to Dr. Keo Bengvath, the Royal Government delegate in charge of the Director General of the General Department of Finance and Sub-National ...

The government has issued a new sub-decree to transfer funds for an additional five years to commune administrations for local development expenditures. The money will help to improve public services and local level development for the period between 2024 and 2028. ...

Prime Minister Hun Sen said that Cambodia’s annual public debt is below 20 percent of the total national budget, thanks to the implementation of the Public Financial Management Reform Program (PFMRP). ...

The Ministry of Economy and Finance on February 15 published a document establishing a series of internal goals, objectives, approaches and actions with a vision to 2030, to better align with the Royal Government of Cambodia’s (RGC) policies and strategies. ...

The Kingdom’s international reserves ended 2022 at $17.8 billion, equivalent to seven months of import cover, compared to $20.3 billion and 8.1 months at end-2021, which pundits affirm is still high for a developing country given the recent global financial crisis, signalling positive levels of ...

Minister of Information Khieu Kanharith instructed commune councils to inform the local population whenever restoration, development or construction work is undertaken by the commune authorities. ...

The Royal Government of Cambodia has collected 22,302 billion riels or $5.44 billion as the total national revenue in the first 11 months of 2022, while the total national expenditures reached 22,275 billion riels or $5.43 billion, resulting in 27 billion riels or $6.6 million ...

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

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. ...

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 ...

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

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. ...

Cambodia’s commitment to reform public financial management through a financial management information system (FMIS) is on the right track. ...