News

Non-garment sectors predicted to remain healthy next year

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. ...

Sorn Sarath
https://www.khmertimeskh.com/50734782/non-garment-sectors-predicted-to-remain-healthy-next-year/

Trimmer 2021 budget: Government plans 50 percent drop in spending

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. ...

Ben Sokhean
https://www.khmertimeskh.com/50734167/trimmer-2021-budget-government-plans-50-percent-drop-in-spending/

Supreme Council members to receive uniforms for events

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 ...

Long Kimmarita
https://www.phnompenhpost.com/national/supreme-council-members-receive-uniforms-events

National budget for 2020 approved

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, ...

Chea Vannak
https://www.khmertimeskh.com/50664298/national-budget-for-2020-approved/

Budget boosts for health and education

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.​ ...

Ven Rathavong
https://www.khmertimeskh.com/50523127/budget-boosts-for-health-and-education/

National Assembly passes $6 billion 2018 budget

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 ...

Mech Dara
http://www.phnompenhpost.com/national/national-assembly-passes-6-billion-2018-budget

MEF holds agricultural workshop

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. ...

Hor Kimsay
http://www.phnompenhpost.com/business/mef-holds-agricultural-workshop

Communes ‘need extra funds’ to develop: analyst

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. ...

Men Kimseng
http://www.voacambodia.com/a/communes-need-extra-funds-to-develop-analyst/3791135.html

Budget backed without support

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. ...

Chea Vannak
http://www.khmertimeskh.com/news/32306/budget-backed-without-support/

Civil societies urge budget review

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. ...

Taing Vida
http://www.khmertimeskh.com/news/32233/civil-societies-urge-budget-review/

Gov’t okays $5 bil for 2017 budget

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. ...

Sum Manet
http://www.khmertimeskh.com/news/31146/gov---t-okays--5-bil-for-2017-budget/

Budget for 2017 to increase by $5 bil

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. ...

May Kunmakara
http://www.khmertimeskh.com/news/31046/budget-for-2017-to-increase--by--5-bil/

Fraud Case Highlights Bribery Around Requests for Citizenship

The Court of Appeal on Monday acquitted a South Korean businessman who allegedly stole $50,000 that was supposed to be used to acquire Cambodian citizenship for his boss in 2007. Koo Bonkwang, the former president of Commerce Central Finance, a microlender, said he paid the money ...

http://www.cambodiadaily.com/news/fraud-case-highlights-bribery-around-requests-for-citizenship-31785/

Survey Says Cambodia Lacks Fiscal Transparency

The government has failed to improve transparency of its finances, according to a global report released yesterday, which ranks Cambodia among the worst countries in the world for openness over budgets. The Washington-based International Budget Partnership’s Open Budget Survey 2012- conducted in Cambodia by NGO Forum- ...

http://www.cambodiadaily.com

Hun Sen Says CPP Largess Will End If Election is Lost

Less than five months from the national elections, Prime Minister Huns Sen yesterday warned the public that his ruling CPP party would stop making charitable donations towards infrastructure and national development if the party is not re-elected. Speaking at the inauguration of a Chinese-funded expansion of ...

http://www.cambodiadaily.com/news/hun-sen-says-cpp-largess-will-end-if-election-is-lost-12645/

Finance Minister Lauds Boeng Kak's Tax Bill

The Finance Ministry has sent a letter to well-known businesswoman Choeung Sopheap thanking her for paying her taxes on the highly controversial filling in of Phnom Penh’s Boeng Kak lake, and holding her firm up as an example of corporate professionalism. Though Shukaku Inc., which is ...

http://www.cambodiadaily.com/news/finance-minister-lauds-boeng-kaks-tax-bill-11863/

Hun Sen Orders Workers Compensated

Cambodia’s Prime Minister Hun Sen has promised to compensate thousands of garment workers demanding back pay they say they are owed since their factory owner fled the country to escape mounting debt, according to officials. Kandal provincial labor department director Thol Neang told RFA’s ...

http://www.rfa.org/english/news/cambodia/workers-02192013184511.html

Finance Ministry To Tackle Graft With ‘Rewards’

Finance Minister Keat Chhon an­nounced a new plan on Thursday to cut down on rampant state corruption by dispersing three-quarters of non-tax revenue to ministries and their employees as financial “rewards.” With Anti-Corruption Unit chief Om Yentieng by his side, Mr. Chhon laid out the bare ...

http://www.cambodiadaily.com/news/finance-ministry-to-tackle-graft-with-rewards-8993/

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