News

Gov’t Covid stimulus and relief spending tops $335Mn

With Cambodia’s relief measures up for renewal later this month, it has come to light that the Government’s Covid-related assistance spending topped $335 million since the introduction of  payments to the financially vulnerable last June. ...

Husain Haider
https://www.khmertimeskh.com/50867851/govt-covid-stimulus-and-relief-spending-tops-335mn/

Prime Minister calls for ministries to cut spending amid lower tax revenue

Prime Minister Hun Sen has asked ministries to be careful with operational expenditure in a bid to save money due to declining national revenue.   ...

Ry Sochan
https://www.khmertimeskh.com/50772129/prime-minister-calls-for-ministries-to-cut-spending-amid-lower-tax-revenue/

Government Allocates More Than $3 Billion in 2013 Budget

The government has allocated more than $3 billion for total government spending in 2013, an increase of 19.2 percent on the $2.6 billion the government planned to spend in 2012, according to a statement issued by the Council of Ministers on Friday. The statement did not ...

Gov't Reports $25M From Rents in Six Months

The government earned just over $25 million in rental fees from state land leased to private companies in the first six months of the year, according to new figures from the Ministry of Economy and Finance. While the data shows that earning have risen, critics say ...

'Disappointed' donors still await government meeting

Government Palace, the imposing gray headquarters of the Cambodia Development Council next to Wat Phnom, should be buzzing this morning with the country’s top foreign diplomats and government officials discussing aid and reform. Instead, with the government’s decision to indefinitely postpone this year’s Cambodian Development Cooperation ...

S&P downgrades national sovereign debt rating

Ratings agency Standard & Poor’s yesterday lowered Cambodia’s long-term sovereign credit rating by one notch to B due to the country’s continued inability to diversify its economy and increase government spending. The decision by Standard & Poor’s comes after the agency said in September that constraints ...

Draft budget law allocates $2.6bn for 2012

Total government spending in 2012 is set to reach $2.62 billion, an increase of 9 percent on the $2.4 billion the government had budgeted to spend in 2011, according to a copy of the 2012 draft budget law obtained yesterday. As part of the new budget, ...

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