Logo of Phnom Penh Post newspaper Phnom Penh Post - MEF holds agricultural workshop

MEF holds agricultural workshop

MEF holds agricultural workshop

The Ministry of Economy and Finance (MEF) organised a consultation workshop yesterday to gather information and comments from agriculture sector stakeholders to assist in the preparation of a 2018 national budget that would better support to the sector.

MEF Secretary of State Vong Sey Vissoth, who co-chaired the session alongside Agriculture Minister Veng Sakhon, said Cambodia’s agriculture sector faces myriad challenges.

He said the concerns raised by industry stakeholders participating in the workshop would be crucial to formulating a national budget plan next year.

“This Ministry [of Agriculture] is a priority ministry so an increased budget for its spending will be considered,” he said. “But before considering whether to enlarge the budget for more spending, we need to examine the current spending and see whether it is in line with our objectives.”

Vissoth explained that the agriculture sector was crucial for the country’s economic growth and food security. He added that the MEF will focus its effort on examining how to improve productivity in the sector and increase crop diversification.

Chan Sophal, director of the Centre for Policy Studies (CPS), who attended the workshop, said Cambodia’s agriculture industry faces broad-ranging issues such as declining prices and low market demand that cannot be resolved by the Agriculture Ministry alone.

He noted, however, that the focus of yesterday’s discussion was not to identify immediate solutions to those problems, but rather to provide constructive feedback for the government’s work on the national budget.

“This discussion is to gather inputs for preparing the 2018 national budget . . . and to allocate the budget for the right targets,” he said.

MOST VIEWED

  • South Korea’s first lady brings hope to ill boy

    South Korea’s first lady Kim Keon-hee – wife of current president of the Republic of Korea, Yoon Suk Yeol – met with a 14-year-boy with congenital heart disease during her trip to the Kingdom for the ASEAN Summit. After their meeting it was announced that the

  • Hun Sen gets Covid, shuns G20, APEC summits

    Prime Minister Hun Sen said he has tested positive for Covid-19 in Indonesia, where he is slated to attend the G20 summit in his capacity of the ASEAN chair. In a social media post addressing the Cambodian public, he said: “Before leaving Cambodia, I always

  • Moody’s sets outlook rating to ‘negative’ for Cambodia

    US global rating agency Moody’s Investors Service Inc on November 15 announced that it downgraded Cambodia’s outlook from “stable” to “negative” and maintained its B2 local and foreign currency issuer ratings. “The negative outlook reflects a deteriorating external position as illustrated by the severe

  • Hun Sen’s Covid infection caused by ‘weakened antibody’ after summit

    Prime Minister Hun Sen said exhaustion from heavy workload before and during the recent ASEAN Summit may have led to him contracting Covid-19 due to his weakened immune system, while rejecting speculations that the infection was caused by leaders of some countries who did not

  • Korean first lady paves way for ill boy’s surgery

    A 14-year-old boy with congenital heart disease who was lucky enough to meet with South Korean first lady Kim Keon-hee may get the chance of a lifetime and receive surgery and treatment at Asan Medical Center in Seoul, South Korea. After seeing his plight, many

  • Kingdom’s rice crowned world’s No1

    Cambodia’s Phka Rumduol jasmine variety has been crowned the World’s Best Rice for the fifth time at the TRT (The Rice Trader) World Rice Conference in Phuket, Thailand on November 17, according to leaders of the Kingdom’s apex rice industry body. Phka Rumduol