Original report from Phnom Penh
10/04/2007
Opposition leader Sam Rainsy said Tuesday his legislators had found billions of dollars in debt owed by the government to foreign countries, a burden it was leaving to the next generation.
Speaking outside the National Assembly after budget debates, Sam Rainsy said Cambodia owed as much as $6 billion in debt that had been covered up.
"Because the borrower spends the money loaned from foreign countries without control, 40 years later, our younger generation will have to pay it," he said.
National Assembly President Heng Samrin said the figure is hard to believe and that foreign debt has always been audited.
"The debt was carried on since the State of Cambodia, which also carried the previous generation's debt," he said.
The government has been making debt repayments every year since 1993, Chiem Yeap, chairman of the National Assembly's finance and banking committee, said.
The government borrows about $300 million every year, he said.
Speaking outside the National Assembly after budget debates, Sam Rainsy said Cambodia owed as much as $6 billion in debt that had been covered up.
"Because the borrower spends the money loaned from foreign countries without control, 40 years later, our younger generation will have to pay it," he said.
National Assembly President Heng Samrin said the figure is hard to believe and that foreign debt has always been audited.
"The debt was carried on since the State of Cambodia, which also carried the previous generation's debt," he said.
The government has been making debt repayments every year since 1993, Chiem Yeap, chairman of the National Assembly's finance and banking committee, said.
The government borrows about $300 million every year, he said.
Yes, that is a very good point
ReplyDeletebrought up by Sam Rainsy. That is
if you vote for him, you will have
to pay back all the 6 billions.
On the other hand, if you vote
for the CPP, we will take care of
it as usual because we got the
skills, remember?
3:12,
ReplyDeleteIs that the skills to borrow more so future generation must pay later?
Or is it the skills to beg the international communities for about $5 hundred million annually?
My beloved 3:12..
ReplyDeleteI am undoubtedly agreed with you that CPP have an indescrible skills,
otherwise, they can stand in PoliSick this long...before the next Khmer generation will eventually know, the entire Srok Khmer is no longer belonged to the people of Khmer!
Does it makes any difference how
ReplyDeletewe do it, 8:54?
Okay, I don't mind you doubt us,
but nothetheless, give us the
benefit of the doubt to show you
that we work smart instead of
working hard. Moreover, it is not
proper to discuss this topic in
detail because it will spoiled all
our plan, then we'll all screwd,
hehehe. Plus, you have seen how we
worked with the international
community over the years. Tell me
then, what flaw have you seen so
far on our behalf if any?