Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Budget for 2016 moves closer to passage in Nat'l Assembly

Budget for 2016 moves closer to passage in Nat'l Assembly

The $4.3 billion 2016 draft budget moved one step closer to adoption yesterday, as the ruling party-controlled parliamentary committee tasked with reviewing the document gave it the green light.

“We have examined the draft budget law and have agreed to take it to the National Assembly’s standing committee to set up the agenda for a full session [of parliament] to debate and adopt it as soon as possible,” said Cambodian People’s Party lawmaker Cheam Yeap, who is head of the National Assembly’s banking and finance commission.

Though the budget is moving forward, opposition parliamentarian Son Chhay, who is deputy of the commission and a strident anti-corruption campaigner, said there were still issues with transparency that needed addressing.

“The collection of revenue from casinos and economic land concessions and a number of other sectors are still not properly [defined], so the revenue can still end up in the pockets of individual officials.”

The government presented its 2016 draft budget on October 21, revealing a 12.18 per cent increase in funds compared with 2015. Among the big winners was the education sector, which got a $502 million slice of the pie.

0

Comments

Please, login or register to post a comment

Latest Video

Setting up a drone for flight. Photo supplied

How Cambodia's first drone company is helping farmers

SM Waypoint claims its unmanned aerial vehicles can help local farm and plantation owners increase their yields. Established in September 2015, SM Waypoint now has seven drone pilots, two sales staff and two accountants. Though the company focuses mainly on agricultural projects, the potential uses of the drones are extremely varied, going from measuring exact land height for building drainage systems to finding the most suitable location for special economic zones (SEZs) or factories.

New street food dish shakes things up at Russian Market

Though the bustling food stalls that emerge after dark next to Phnom Penh's Russian Market can seem intimidating to tourists at first glance, there are street food treats to be enjoyed by all, from Kep crab to a new shrimp dish created by the market's owners.

Turkish Embassy calls for closure of Zaman schools

With an attempted coup against the government of President Recep Erdogan quashed only days ago and more than 7,000 alleged conspirators now under arrest, the Turkish ambassador to Cambodia yesterday pressed the govern