Reuters
PHNOM PENH - Cambodia could borrow US$1.1 billion (S$1.37 billion) from other countries in 2012, 75 per cent more than this year, to help repair infrastructure damaged in flooding and support efforts to increase rice exports to 1 million tonnes by 2015, a senior official said on Monday.
Cheam Yeap, chairman of the Finance Commission, said the borrowing, which has to be approved by parliament, would come in the form of concessionary, 40-year loans at low interest rates.
He declined to say which countries might offer the loans but said that of Cambodian's current debt of around $8 billion, some $6 billion was owed to its closest ally, China. Another $1.5 billion is owed to Russia and $317 million to the United States, he added.
Cheam Yeap said the draft 2012 budget, which also has to go before parliament, includes provisions for new spending of $2.69 billion, up from $2.4 billion this year.
As part of efforts to generate more revenue, the government in the poor Southeast Asian country intends to impose a tax on real estate and is looking at plans to start issuing bonds.
Cambodia is forecast to export 180,000 tonnes of rice in 2011, more than three times last year's volume.
20 comments:
JUST LET CHINA TAKEOVER CAMBODIA ALREADY! IT'S BETTER FOR ME BECAUSE I LIKE CHINESE PEOPLE!
អាឆ្កែ លី ឌៀប កញ្ជះ អាចោលម្សៀត បញ្ញា ឬបីរ៉ុង ដាច់ថ្លៃ មិនបាច់ខំសរសេររឿងស្តេចអាក្រក់ ឬល្អអីទេ វាគ្មានន័យសម្រាប់សង្គមទេ ឯកសាររបស់លោក នរណាក៏គេដឹងថា សីហនុ ជានរណាហើយ?... ដូច្នេះរឿងសំខាន់នោះ ហេតុអ្វីបានជាបង្កើតបក្សពួកជាមួយអាចោលម្សៀតប៉ីរ៉ុង ដើម្បីបំផ្លាញសង្គមវត្តអាយរ៉ាប់? ហើយហេតុអ្វីបានជាលោកឆ្កែកញ្ជះដាច់ថ្លៃរបស់អាចោលម្សៀតប៉ីរ៉ុង មិនសរសេររឿងប៉ីរ៉ុង ចុះផ្សព្វផ្សាយឱ្យសារធារណជនបានដឹងអំពី អមនុស្សចោរលួចសង្គម លួចលុយវត្តរាប់ម៉ឹនដុល្លារ និងពង្រត់ប្រពន្ធគេទៀតផង.... សរុបមករឿងនៅក្បែរក្លៀកចុះផ្សាយ... បែរជាចុះផ្សាយរឿងមេឃដីទៅវិញ....
CHINA CAN TAKE OVER CAMBODIA, AS LONG AS ITS NOT A COMMUNIST/KILLER. WE DON'T NEED COMMUNIST IN OUR COUNTRY. COMMUNIST COUNTRY LIKE TO KILL (KHMERS LIFE), SO THEY CAN TAKE OVER CAMBODIA COUNTRY.
STOP KILLING KHMERS PEOPLE, THATS ENOUGH!
11:40! They kill khmer because you guys are NIGGERS! The Apes of ASIA hahahaha
China never harmed Cambodia. All the killings were done by yuons/vietcong blending/hidding among Khmers. There are still many yuons everywhere even in this forum.
11:00Pm sound like you one some one to fuck your mother so you can get free food!
Go to work, fool!!!!!
11:00PM, motherfucker do not wish to protitude your own mother!
12:26PM you know too much and know nothing to be done?
12:25AM
YOU MUST BE VIETCONG/VIETNAM,NIGGERS
12:25AM
YOU MUST BE VIETCONG/VIETNAM,NIGGERS WHO LIVING IN CAMBODIA.
NIGGER KHMERS GET FUCK BY EVERYONE! NIGGER KHMERS ARE JUST THE BEGGARS AND NIGGER OF ASIA!
China and Cambodia will never split apart! If Cambodia is endangered of falling down I rather let China takeover Cambodia and become it's province! It's better than being ruled by Vietnam or a dictator like Hun Sen!
How many percent of corruption is in that loans?
Nothing better than the revolution to have a good control of the country. As we know that the country is under ah youn control.
CPP will still again the election.
Revolution is the best.
I want to see the gov't putting money on healthcare. Speaking about healthcare, Cambodia desperately need good hospitals. This is the one area the gov't need to get it done right away, so Cambodians do not have to spend so much money to go abroad for their illnesses. Imagine all the money we could have saved and use it to stimulate the Cambodian economy and put our people to work? and have our people develop their human capital? In the future we can capitalize on medical tourism too. A lot of people would not mind to have a check up or have their teeth cleaned while visiting Cambodia. The gov't don't have to do one thing at a time. The gov't can help promote or give it a jump start just like the promoting the rice exporting and have the private sector take care of the rest. Cambodia has no time to waste. We must work hard to make up the lost time...
POUK AH CHKOURT CHROUK NIGGER ARE IN AFRICA NOT IN CAMBODIA AH PLER
if khmer people can survive pol pot era, then we can survive anything. please be strong! god bless all khmer people and our beautiful country, cambodia.
11:22PM
អានេះ អត់ពូជទេតើ!
Who ever commented above,ya call Khmers people niggers. I bet you are Chinese Cambodia or Vietcongs. You have too much hate of Khmers people, GET OUT OF OUR LAND!
Do ma ah YELLOW skin! ah PALE skin!
Khmers: PHONM PENH
11:22PM
អាគាត់ម្នាក់នៅខាងលើនេះ ប្រពន្ធវាប្រហែលត្រូវអាបញ្ញាឆក់បាត់ហើយ បានជាវាឡប់បែបនេះ!
NIGGERS AND KHMER LOOK THE SAME! I SEE NO DIFFERENCE!!
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