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| The move was passed by a vote of 80 lawmakers of 102 present, in a session to recorrect the national budget for the last two years. (Photo: Taing Sarada) |
Phnom Penh Monday, 27 December 2010
“Cambodia needed more money to equip Cambodian soldiers to defend national sovereignty and territory.” [KI-Media Note: How come the Viet soldiers still come to Cambodia at will?]
The National Assembly on Monday approved the borrowing of foreign loans worth more than $300 million, after the government spent beyond its budgets for 2009 and 2010.
The move was passed by a vote of 80 lawmakers of 102 present, in a session to recorrect the national budget for the last two years.
Loans will be taken from the foreign community to refill the coffers for $46.8 million and $265 million for 2009 and 2010, respectively, according to a request from the administration to the Assembly.
Finance Minister Keat Chhon told the Assembly Monday the government has a clear policy for concessionary loans for investment in infrastructure and to promote economic growth.
Cheam Yeap, a lawmaker for the ruling Cambodian People’s Party and head of the National Assembly’s finance committee, said the loans would make up for deficiencies in revenue stemming from the 2008 economic crisis and from overspending from the military standoff at Preah Vihear temple.
“Cambodia needed more money to equip Cambodian soldiers to defend national sovereignty and territory,” he said.
Yim Sovann, a spokesman and lawmaker for the opposition Sam Rainsy Party, said Cambodia must be careful with foreign loans.
“If we depend on the loan holder who looks at hour natural resources, land, oil and mining resources, and come to violate Cambodia’s rights, and destroys our environment, we must absolutely avoid the loan,” he said.
Opposition members did not support this loan initiative because it was not clearly allocated, he said.
Prime Minister Hun Sen wrote in a statement to the Assembly the amount of these loans “will not bring Cambodian loans to a worrisome situation.”
12 comments:
This puppet regime in Phnom Penh will sure borrow from the bankrupt Hanoi regime (such as in the case of VINASHIN) which has made Vietnam downgraded in term of credit rating.
Proud to have HUN SEN, HENG SAMRIN,CHEA SIM as the children of Ghost HO CHI MINH.
“Cambodia needed more money to equip Cambodian soldiers to defend national sovereignty and territory.”
No wonder why Cambodia getting smaller.
“Cambodia needed more money to equip Cambodian soldiers to defend national sovereignty and territory.”
To defence what? Only with Thailand (hey, Thai is brutal because of Preah Vihear, but Thai Govt. allow Khmer people along with Khmer-Thai border learn Khmer)
But Youn allow Khmer Kapuchea krom to learn Khmer freely? NO, but CPP slave Viet don't see this at all.
shut up! it's not about blaming, finger pointing, etc! it should be about reform(s), you know! that's the constructive way to make changes, really! be smart and wise, would you!
What a smart CPP govt!
1)-Smart on Thai destroying Khmer market near Preah
Vihear and never paying back.
-Smart on Thai staying in Wat near
it.
-Smart on Thai staying on 4.6 square miles near it.
2)-Smart on Vietnam encroaching in Svay Rieng,Kompong Cham.
-Smart on allowing
6 million illegal Viet immigrants living in Cambodia.
-Smart on allowing Viet to plant rubbers plant in seven provinces of
99 years contracts.
-Smart more Viet Stores and businesses.
All these how smart Hun Sen are!
More moneys for unclearly indicated purposes,WILL go to Big houses,palace,big cars and more into their bank accounts.
Selling all Cambodia's assetts for your greed is criminal.
You now live like a king ,but die like a sick old dog!.
Late Hok Lundy(Nguen Van Son) is still waiting for you as he missed spending his corrupted moneys.
You bunch of hypocrites and killers,including old Kiet Chhon,minister of three regimes.
All of your crimes waiting for a pay back!
That dude been minister for three regimes already he fucking old his brains can't function good any more can we have some young generatio replaces all of old folks.
here is Sam rainsy,He is agay weakness, He don't have burning desire to victory, he do not have passion, he do not have mentor, he not work well with other, his team works are very very, weak, now, we clearly see sam rainsy, are geting deeper, deeper, and deeper to nothings, He surounding himself with bizare, wierds and low,lowe, and low attitud peoples, how he claim himself a leader?. Rainsy show up some disciplinary, mental toughness and organize as vissonary to your supporter. You may too weak to lift people up or to rise to the top maximum perfoment for success. Son chay are better, better and better than Rainsy let Son chay lead the RSP he much better with people skile than you.
shut up again and again, ok! it's corrupted overseas people like sam rainy and his company, etc that sell cambodia and give cambodia a bad name or bad reputation, you know, not gov't of cambodia, ok! i told you already, overseas people are hypocrites big time, people should study them, investigate them and then see for yourself, really. see how they break the law and arrest them once and for all, you know!
Who pay for the loan? please don't
make Khmer people who live in rural
area pay for your own benefits. Another message to Keat Chhon, please
eliminate the big chunk of illegal
Vietnamese troops spending.
We are not Khmer not require vietnamese to help us, we can live without having vietcong, becau se Yuon are master killers in killing field.
alway stupid and dam comments here. F government faults dont know shit about running the country.
Why are Khmer people in Khmer so weak...I;m dont understand!
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