Hun Sen estimates that the rate of poverty will be at 30% in 2008
29-02-2008
By Ky Soklim
Cambodge Soir Hebdo
Translated from French by Luc Sâr
The economic growth in the country for 2008 was evaluated at 7.3% versus 9.6% for 2007, and 10.8% in 2006. That was what Hun Sen announced on Thursday 28 February during a conference on economic outlook for the country in 2008.
Hun Sen self-complimented for these numbers, but he regretted that the growth was not distributed equally and equitably.
In 1994, the rate of poverty was at 47%. In 2004, it fell to 24%. No actual survey (on poverty rate) was made in 2004, but based on an (assumed) reduction of more than 1% per year, Hun Sen estimated the rate of poverty at 30% in 2008.
He recalled that the GDP per capita is $589, but that this would reach $1,000 in 2015.
29-02-2008
By Ky Soklim
Cambodge Soir Hebdo
Translated from French by Luc Sâr
The economic growth in the country for 2008 was evaluated at 7.3% versus 9.6% for 2007, and 10.8% in 2006. That was what Hun Sen announced on Thursday 28 February during a conference on economic outlook for the country in 2008.
Hun Sen self-complimented for these numbers, but he regretted that the growth was not distributed equally and equitably.
In 1994, the rate of poverty was at 47%. In 2004, it fell to 24%. No actual survey (on poverty rate) was made in 2004, but based on an (assumed) reduction of more than 1% per year, Hun Sen estimated the rate of poverty at 30% in 2008.
He recalled that the GDP per capita is $589, but that this would reach $1,000 in 2015.
13 comments:
not, until gov't revamp the tax collection and distribution system in cambodia. until this happened, it is like looking for happiness by ignoring the fact that sorrow and happiness exist side by side. however, i do give people credit for putting people's poverty on the agenda, though. the more people talk about it, the more chance it will be noticed and get helped.
also gov't need to strengthen the postal system, too. i suggest ask for assistance from the USA as they have a lot of experts in this field of irs and postal system.
It is normal for Hun Sen to look at any angle of the issue to justify his power-legitimacy. But in reality, it is not. It is just a political lie, the old song sung by a dictator.
Cambodian leader should elaborate equity and social welfare than just bragging himself and his success which is not realistic.
KY
Yeah, but you are doing the same shit, 2:58. You are not sending any cashes for the welfare program. All you are doing is whining.
Why you are ignorant (4:27AM) to the actual situation of economic growth? Is it required my cashes to inject welfare? Or economic growth itself enables welfare?
You should learn to use polite language and debate in a wise way. You should not follow the speech and ideology of an less educated leader.
KY
Well, if the growth can't yet cover the entire welfare program, it required external cash injection.
What is so ignorant about that?
And stop picking on debate format, will ya? You ain't no diplomat yourself, you know?
What you mean entire welfare program in Cambodia?
It is zero from such bragging economic growth. Survival income of each family is terribly insufficient.
This not including health system that many poor ill-peoples are solely expecting to die.
Not entire welfare program mean partial welfare program, Duh ... !
Look, if we had zero program, people would have drop dead left and right from parasite, virus, and diseases, and the mass graves will be twice as big as those of the Pol Pot's, but that isn't the case, is it?
Yes, I agree with you and your support to current Hun Sen administration that there is better than Pol Pot regime.
CPP's supporter including their leader, Hun Sen, has always compared current situation of Cambodia to Pol Pot regime.
It is pathetic that CPP and their supporters' vision is to compete with Pol Pot. I do hope CPP can do better than Pol Pot.
The economic growth of Hun Sen's leadership is well better than Pol Pot's.
Tov comepare ey cheamouy Pol Pot regime! Meaningless!! Compare with Yuon and Siem tov..
Well, we grow faster than Thai but slightly slower than Yuon.
What else do you want to know?
Gentlemen;
It is a normal for any world leaders to say that by taking into consideration and based on the assumption from previous financial years, the actual facts of current situation and future projection.
USA economy is more or less sliding into recession due to financial credit market [the sub-prime loan], and the federal reserve there has stepped in many time to cut the interest rate and promise more to come to stabilize their economy.
Likewise, the Australia despites their economy booming, good exchange rate [used to be 1AUD to 65 cents in the past but now is at 94 cents - 1st time ever in 20 years], the current Rudd government [100 days in office] has suffered the same fate because the reserve bank [independent body] hikes their rate twice to keep lid on inflation [inflation here is not because every produces are going much really high but simply because average Australian over spend].
Yes, that is the nature of capitalist economy; that is it swing or cycle between boom and recession.
However, the published 7.3% is not so bad despite my minimum expectation is 8.0%, but it is still too early to tell. We have not even completed the first quarter yet. I would not get a heart attack over it.
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