Government spending, foreign aid up in 2013
Government spending increased 32 per cent last year, while increases in both domestic revenue and foreign aid helped stabilise Cambodia’s budget deficit, according to budget statements from the Ministry of Economy and Finance (MEF). The consolidated financial records, which were released on May 8, show Cambodia’s deficit as standing at $272 million. “In 2013 [the budget] was achieved according to plan in terms of increasing revenue, attaining budget balance, macro-economic stability and economic growth,” a ministry statement reads. Government expenses in 2013 totalled $3.1 billion, up from $2.95 billion in 2012. Domestic revenue, meanwhile, reached $2.06 billion last year, an increase from $2.01 billion in 2012. …
Eddie Morton
http://www.phnompenhpost.com/business/government-spending-foreign-aid-2013
