Economy

Proposed 2013 Budget Proposes More Spending as Assembly Debate Begins

The budget calls for $280 million for the Ministry of Education, $245 million for the Ministry of Defense, $225 million for the Ministry of Health, $115 million for the Ministry of Interior and $103 million for the Ministry of Social Affairs.The budget calls for $280 million for the Ministry of Education, $245 million for the Ministry of Defense, $225 million for the Ministry of Health, $115 million for the Ministry of Interior and $103 million for the Ministry of Social Affairs.
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The budget calls for $280 million for the Ministry of Education, $245 million for the Ministry of Defense, $225 million for the Ministry of Health, $115 million for the Ministry of Interior and $103 million for the Ministry of Social Affairs.
The budget calls for $280 million for the Ministry of Education, $245 million for the Ministry of Defense, $225 million for the Ministry of Health, $115 million for the Ministry of Interior and $103 million for the Ministry of Social Affairs.
Heng ReaksmeyVOA Khmer
PHNOM PENH - The National Assembly began discussing the 2013 budget on Thursday, agreeing on the overall content of the draft law before beginning to refine it.

Finance Minister Keat Chhon led a delegation to the Assembly to defend the more than $3 billion budget, which is an increase of more than 12 percent from the year before.

Opposition officials say the law does not put enough money into education, social welfare and other sectors. And Sam Rainsy Party lawmaker Son Chhay said that the numbers won’t reflect actual spending, thanks to corruption within the government. “If Cambodia has still more corruption, people will become poorer and poorer,” he said.

Keat Chhon said, however, that the government has worked to reduce corruption and that Cambodia’s economic growth rate is nearly 7 percent, which means the country and its finances are moving in the right direction.

Ninety-six of 101 members approved commencement of the debate on Thursday, allowing lawmakers to now go forward and refine the budget article by article.

The budget calls for $280 million for the Ministry of Education, $245 million for the Ministry of Defense, $225 million for the Ministry of Health, $115 million for the Ministry of Interior and $103 million for the Ministry of Social Affairs.
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Yearlong Political Deadlock Endsi
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22 July 2014
Cambodia’s political deadlock has ended. For nearly a year, the opposition Cambodia National Rescue Party has refused to join the government, calling for electoral reforms in a system it says was deeply flawed. Following nearly five hours of meetings between top opposition officials and Prime Minister Hun Sen, that deadlock has ended. The two sides finally reached agreement on a formula for selecting the National Election Committee, which the Rescue Party has said was biased toward the ruling Cambodian People’s Party. Hun Sen and Rescue Party President Sam Rainsy emerged from talks Tuesday smiling and shaking hands. “Victory,” Hun Sen told reporters after the meeting. “You can all applaud.” (Heng Reaksmey, Phnom Penh)

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