27-11-07
By Ky Soklim
Cambodge Soir
Translated from French by Luc Sâr
A draft law plans for a budget increase of $300 million. The draft law would be put on vote in December.
The national budget could increase from $1.2 billion to $1.5 billion for fiscal year 2008. Cheam Yeap, chairman of the National Assembly (NA) committee for the economy and finance, confirmed during a seminar held on Tuesday 27 November, saying that with this budget amount, the government wishes to maintain its current policy which consists of reducing the costs involving defense, and increasing spending for social services. “We hope that the discovery of natural resources, such as natural gas and oil, we will be able to increase the salaries of government workers and reduce the price of gasoline,” Cheam Yeap added to a seminar he was giving about budget issues and fight against poverty. The seminar was participated by MPs, Senators, economists and officials from the civil society.
Sok Hach, Director of the Economic Institute of Cambodia, approved the law on the national budget for 2008. According to him, 15 years ago, Cambodia has turned away from a planned economy to a market economy. He added that nowadays, the county is “able to get out of an international aid-dependent economy, and able to live on its local activities. The raise in the local revenues is undeniable, but the government must pay attention to the inflation for the price of goods.”
The draft law on the 2008 budget will be debated during the NA session which will take place at the beginning of December.
The national budget could increase from $1.2 billion to $1.5 billion for fiscal year 2008. Cheam Yeap, chairman of the National Assembly (NA) committee for the economy and finance, confirmed during a seminar held on Tuesday 27 November, saying that with this budget amount, the government wishes to maintain its current policy which consists of reducing the costs involving defense, and increasing spending for social services. “We hope that the discovery of natural resources, such as natural gas and oil, we will be able to increase the salaries of government workers and reduce the price of gasoline,” Cheam Yeap added to a seminar he was giving about budget issues and fight against poverty. The seminar was participated by MPs, Senators, economists and officials from the civil society.
Sok Hach, Director of the Economic Institute of Cambodia, approved the law on the national budget for 2008. According to him, 15 years ago, Cambodia has turned away from a planned economy to a market economy. He added that nowadays, the county is “able to get out of an international aid-dependent economy, and able to live on its local activities. The raise in the local revenues is undeniable, but the government must pay attention to the inflation for the price of goods.”
The draft law on the 2008 budget will be debated during the NA session which will take place at the beginning of December.
9 comments:
Okay, if we are going to increase our budget by $300M, I proposed 1/3rd goes to civil servants paid raises and the other 2/3rd for developing the rural area to make it more productive which will further increase the revenue for the following years
4:58 PM, that's fair assessment and equation.
Thanks,
MOI
Fuck the 1/3 formula! Any sectors of Cambodian society that need money deserve it!
What? Fuck the pay raises for people?
There is not such thing that any money will go to the peoples. All including the increase are for the government to steel. Just like the khmer proverb: "Ansound ko prey, touch see touch and tom see tom"
I wish the Cambodian youth raise up and take the action.
A revolution shall be happen soon if Cambodians want to have a fair system
AH HUN SEN Vietcong slave government is throwing money at the problems to solve it but most dirt poor Cambodian people know too damn well that money doesn't solve some of the serious problems facing Cambodian society today such as corruption because the fucken leaders lack the will power!
Cambodia needs a fair judiciary to attract foreign investment. Therefore, budget should be spent on improving court system.
Well, no one is complaining about that. So stop speculating what we needed, alright?
FYI, Taiwan didn't have any fair judiciary at all, and they turned out fine.
Putoe kdeut eiy?
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