News

The Ministry of Economy and Finance has confirmed plans to issue government bonds this year, intending to raise over $100 million to bolster the national budget and support various investment projects. ... ...

King Norodom Sihamoni has issued a Royal Kram promulgating the 2024 Law on Financial Management after the National Assembly (NA) approved it on November 16 and the Senate reviewed it on November 24. ... ...

The program manager of an NGO has raised concerns about the government's revenue spending management, claiming national debt remains huge and has not been repaid as new debt continues to climb. ... ...

The Ministry of Commerce has earned more than $15 million to bolster the national budget, an increase of more than six percent over 2021, according to a report. ... ...

The government plans to spend a total of $8.85 billion in the next financial year, according to a draft budget proposal for the year 2023 submitted by the Ministry of Economy and Finance. ... ...

The Council of Ministers has approved a draft budget for 2023 of 39,206,205 million riels, or $9.6 billion, a 13 percent increase on 2022. ... ...

The Standing Committee of the National Assembly (NA) on September 19 approved the NA budget for 2023 of 171 billion riel ($43 million). ... ...

The Ministry of Land Management, Urban Planning and Construction collected more than 472 billion riels (approx. more than $115 million) in revenue to add to the national budget. ... ...

The Cabinet on October 22 gave the nod to a draft budget of $8.013 billion for public spending in 2022, an increase of 6.8 per cent year-on-year, in a move expected to help power a prompt economic recovery as the Kingdom emerges from the ravages ...

Cambodia’s commitment to reform public financial management through a financial management information system (FMIS) is on the right track. ... ...

Cambodia's legal and policy framework provides little opportunity for citizens and civil society organisations to have a say in public financial management at the national level, said a study by NGO Forum which was released on Tuesday. ... ...

The Kingdom’s non-garment industry is predicted to remain healthy next year, supported by the agriculture and services sector, according to the government’s national strategic budget plan 2021-2023. ... ...

Amid the outbreak of the coronavirus the government plans to trim the 2021 state budget to around $4 billion, accounting for about a 50 percent drop from this year’s state budget, including an 11.3 percent drop for social affairs and 6.4 percent for general administration. ...

An undisclosed amount of money from the national budget will be used to purchase uniforms and insignias for 49 members of the Supreme Council for Consultation, the government said on Monday. The officials will don the uniforms during major local and international events. In November last ...

The National Assembly yesterday unanimously approved the draft Budget Law for 2020. The law was approved by 108 of the 123 lawmakers that attended the plenary session of the National Assembly. According to the draft law, the government plans to spend $8.2 billion in 2020, ...

Prime Minister Hun Sen yesterday said the government will increase the budget for the health and education ministries in next year’s national budget to improve the welfare of people.​ ... ...

The National Assembly, with only ruling party lawmakers in attendance, voted on Friday to pass the national budget for 2018 and to add two additional positions to 10 parliamentary committees, a day after a Supreme Court ruling dissolved the only other party to hold seats in the ...

The Ministry of Economy and Finance (MEF) organised a consultation workshop yesterday to gather information and comments from agriculture sector stakeholders to assist in the preparation of a 2018 national budget that would better support to the sector. ... ...

The government should increase the annual budget of communes by $100,000 to increase the quality of life for ordinary Cambodians, an analyst has told VOA Khmer. ... ...

Members of the ruling Cambodian People’s Party voted in the National Assembly yesterday to back a 2017 national budget that outlines spending of $5 billion, but opposition Cambodia National Rescue Party (CNRP) members refused to give it their support. ... ...

Several civil society groups yesterday issued a joint statement urging members of parliament to review the national budget which is set to allocate close to 35 percent of national spending solely to the Defense Ministry and a contingency reserve. ... ...

The National Budget 2017 was approved on Friday by the Council of Ministers, with a government expenditure of about $5.04 billion. This represents an increase of about 15.6 percent compared to the 2016 budget of $4.36 billion, according to a government statement. ... ...

The government plans to increase the 2017 national budget by 15.7 percent, to more than $5 billion – representing an increase over this year’s government expenditure of more than $4.3 billion – a government source said yesterday. ... ...

A $300,000 sum to repair Siem Reap City’s fire-ravaged Doeum Kralanh market, originally billed on Monday as a donation from Prime Minister Hun Sen, will actually be taken from the national budget, according to a senior ruling-party official. Less than three weeks before the July 28 ...