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Finance ministry expands offices

Finance ministry expands offices

THE Ministry of Economy and Finance has expanded three key departments, ministry officials said last week in response to Cambodia's growing economy, which requires greater administrative capacity.

The three general departments are the Tax General Department, the National Treasury General Department, and the Customs and Excise General Department, according to a subdecree approved by Prime Minister Hun Sen on September 15.

General departments are larger than regular departments and have five to seven sub-departments.

TVK television quoted Sim Eang, general director of the Taxation Department, as saying that revenues had increased each year, requiring the departments to grow.

He said tax collection had increased from US$120 million in 2004 to $310 million last year.

He said he expected up to $400 million to be collected this year.

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