News

Cambodian debt stands at $9.81b

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. ...

Seng Mengheng​ and Chhorn Raksmey
https://kiripost.com/stories/cambodian-debt-stands-at-981b

Widening foreign debt sources to boost economic growth

Having been criticised for its position toward China, the world’s second largest economy, from where most of its foreign debt has come for years, Cambodia is now more likely to change its foreign loan sources to boost economic growth. ...

Sorn Sarath
https://www.khmertimeskh.com/50744111/widening-foreign-debt-sources-to-boost-economic-growth/

Cambodia to reduce foreign debt

The government plans to reduce its foreign debt and raise capital through the issuance of bonds, a representative of the Ministry of Economy and Finance has unveiled. “Increasing local borrowing instead of foreign borrowing will improve the country’s trade balance and current account,” said Vong Seyvisoth, ...

Chea Vannak
http://www.khmertimeskh.com/50102229/cambodia-to-reduce-foreign-debt/

Cambodia's tax revenue totals $683 million

The Cambodian government collected $683 million in taxes over the first 11 months of this year, according to data from the General Department of Taxation released last week. An economist said the increase in domestic tax revenue emphasised that Cambodia still has room for improvement in ...

http://www.phnompenhpost.com/index.php/2012121160203/Business/tax-revenue-totals-683-million.html

National Assembly Lawmakers Reject SRP Budget Suggestions

Lawmakers at the National Assembly yesterday debated the government’s plan for public spending next year, with the opposition challenging the government’s plans to rack up more foreign debt. Since the draft of the 2013 budget was released last month, the opposition has come forward with detailed ...

http://www.cambodiadaily.com

Mounting Foreign Concerns as 2013 Budget Plans Under Way

WASHINGTON DC – Seven opposition lawmakers say they have found new ways to reduce the national debt and are requesting that the National Assembly’s finance committee meet with them before drafting the 2013 national budget. The lawmakers, from the Sam Rainsy and Human Rights parties, say ...

http://www.voacambodia.com/content/mounting-foreign-concerns-as-2013-budget-plans-under-way/1557676.html

Budget pushed through

Cambodia’s 2012 budget passed through the National Assembly yesterday unopposed, without a single question asked and no parliamentary debate in a situation the government, opposition and observers all said was unfortunate. It took just over three hours for the law to be passed, 86 to 0, ...

http://www.phnompenhpost.com/index.php/2011112552980/National-news/budget-pushed-through.html

PM weighs in on China debt debate

Prime Minister Hun Sen yesterday added his two cents to the ongoing debate on what Cambodia’s debt to China actually is, declaring it stands at only US$2 billion. At a ground-breaking ceremony marking the beginning of construction on Phnom Penh’s Cambodia-China Friendship Bridge, the premier rejected ...

http://www.phnompenhpost.com/index.php/2011110352522/National-news/pm-weighs-in-on-china-debt-debate.html

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