Economic officials released the government’s plans for a
second stage of public finance reform Wednesday, a day ahead of an annual donor
has long struggled with public finance, and its government operations are
supported in large part by the hundreds of millions of dollars in aid from
other countries and lenders such as the International Monetary Fund and World
The second stage of the Public Financial Management Reform
Program will “enhance financial accountability,” Finance Minister Keat Chhhon
The goal of the program is to ensure “the efficiency and
effectiveness of public financial management through enhancing the responsibilities
of public officials at all levels on the use and management of public
resources,” he said.
is rated one of the world’s most corrupt countries, losing up to $500 million a
year in tax revenue to unofficial collection, such as bribes.