Budget

Cambodia must significantly increase teachers’ salaries and import the best teacher trainers from abroad in order to combat a continuously widening gap between the skills employers are looking for and those the country’s graduates are able to provide, a new report says. Facing the worst student-teacher ...

The Council of Ministers on Friday approved a new five-year National Strategic Development Plan (NSDP) – the guiding policy document used by the government – requiring an estimated $26.58 billion in spending and investment, or more than $5.3 billion a year, until 2018. The plan ...

More than five years after the close of the 2008 fiscal year, the National Audit Authority (NAA) on Thursday released its audit into the government’s financial management in 2008. The 38-page report is only the third such audit carried out since the department opened in 2000 ...

Without more efforts to punish traffic violators, the government is all but certain to miss its 2020 goal of cutting traffic deaths by 20 percent and drunk driving deaths by 50 percent, road safety experts said at a forum Tuesday. There were 1,910 deaths due to ...

Nhiek Bunchay, Secretary General of FUNCINPEC Party said yesterday that the royalist Party would pay the seven month salaries it owed to its staff before the coming Chinese New Year. FUNCINPEC Secretary General Nhiek Bun Chhay also said that the long delay of the payment was ...

CPP lawmakers including Prime Minister Hun Sen unanimously voted Friday for their party members, Suy Sem and Cham Prasidh, to become heads of the newly created Ministry of Mines and Energy, and the Ministry of Industry and Handicrafts, respectively. The 67 ruling-party parliamentarians present also approved ...

The amount of money to be allocated to commune-, district- and province-level governments is slated to rise next year in accordance with the government’s long-gestating attempts at decentralising its power. Provincial- and capital-level funding will rise to about 640.8 billion riel, with 237.2 billion riel ...

Eleven senators supporting the opposition Cambodia National Rescue Party say they will not take part in a Senate session on Thursday scheduled to debate the 2014 budget. Opposition senators say they will not endorse a budget that did not go through proper parliamentary procedure and ...

The Finance Ministry on Wednesday defended itself against recent reports that some 45 percent of the government’s $3.4 billion draft budget for 2014 remains unallocated, issuing a statement explaining that the money will pay for loans, subsidies and other vital expenses. According to the statement, ...

Transparency watchdogs have warned that $1.5 billion of unallocated funds in next year’s budget will only encourage nepotism and embezzlement. The Draft Budget Law was approved at the National Assembly on Tuesday in a unanimous vote of 66 ruling Cambodian People’s Party MPs. The $3.4 billion ...

Sixty-six National Assembly members of the ruling CPP on Tuesday unanimously approved Cambodia’s $3.56 billion draft budget for 2014 without debate and without even the hint of an opposition, whose 55 lawmakers-elect are boycotting parliament in protest over July’s still-disputed national election result. The ruling party ...

The government will spend a total of $13.7 million in the next three years to build new appeal courts outside of Phnom Penh along with free accommodation for judges and prosecutors across the country, according to the draft budget law for 2014, which is scheduled ...

The government plans to raise $3.51 billion in state revenue in 2014 in order to finance a $3.4 billion draft budget, an increase of about 14.5 percent compared to the previous year, when the government raised $2.98 billion in revenue, according to a draft of ...

Government officials were still tight-lipped about the 2014 draft budget yesterday, though some details did continue to trickle out, such as the announcement of a sizeable increase in national defence spending. Cambodian People’s Party lawmaker and banking and finance committee member Cheam Yeap said yesterday that ...

The country’s draft $3.4 billion national budget for 2014 proposes yet another $920 million in new debt to make ends meet, the same amount taken on this year, according to a copy of the spending bill obtained Thursday. The draft budget calls for nearly $400 million—or ...

The National Assembly’s CPP-run finance committee approved the country’s $3.54 billion draft budget for 2014 Wednesday, its last hurdle before debate and a possible vote can be held by the full Assembly, where the opposition is still refusing to take nearly half the seats. “After the ...

When the ruling Cambodian People’s Party promised civil servants a pay rise earlier this year, some suggested it was also trying to give them a reason to vote for it in July’s national election. The 20 per cent increase came amid the opposition Cambodia National Rescue ...

The aid sector needs more transparency to ensure that the public knows exactly where and how money is being spent, a consortium of NGOs said Tuesday. Tek Vannara, deputy executive director of the NGO Forum, said at a workshop in Phnom Penh that while the Council ...

Prime Minister Hun Sen signed off on a directive last week to trans­fer 11 government bodies, previously overseen by Cabinet Minister Sok An, to relevant ministries and institutions, further cutting the expansive portfolio of the deputy prime minister in the wake of July’s national election. ...

The National Assembly’s 12-member permanent committee will take its first look at the country’s $3.54 billion draft budget for 2014 on Monday, though officials are still refusing to offer a breakdown of how the money will be spent. The draft, which allocates more than $400 million ...

Teenage pregnancies are hindering Cambodia’s development as young mothers are unlikely to finish school and therefore lack job opportunities, government and U.N. officials said at the launch of a global report on adolescent pregnancies on Wednesday. “The Ministry of Women’s Affairs acknowledges that adolescent pregnancies have ...

The Education Ministry on Monday said it was in line for a near 20 percent hike from the government’s $3.52 billion draft budget for 2014, approved by Prime Minister Hun Sen’s Cabinet on Friday, though other details of how money was to be allocated remained ...

Prime Minister Hun Sen’s new Cabinet on Friday approved a 2014 draft budget of $3.5 billion, a 13 percent increase over this year’s budget, but gave no details as to how the money would be spent. The CPP also said it will go ahead with a ...

Carabao Tawandang, the manufacturer of Carabao Dang energy drinks, plans to open factories in Myanmar and Cambodia within the next three to five years. Managing director Sathien Setthasit yesterday said the company would also increase the production capacity of its Thai factory by 40 per cent, ...