Opposition Wants Debt Lowered in 2013 Budget
The opposition Sam Rainsy Party (SRP) has requested the National Assembly to reduce by 75 percent the amount of new debt the government is allowed to take on next year under the latest draft of the 2013 national budget. Opposition lawmaker Son Chhay, who sent the request to the Ministry of Economy and Finance on Friday, said that the level of public debt in Cambodia was already too high at roughly $10 billion, or 77 percent of last year’s gross domestic product (GDP). To bring the amount of financial debt down to a healthier level, the SRP said a maximum of $200 million should be taken on board next year, rather that the $800 million proposed in the draft budget. …
