Logo of Phnom Penh Post newspaper Phnom Penh Post - Minister to ASEAN: Budget allocation and execution efficiency, green progress top priorities

Minister to ASEAN: Budget allocation and execution efficiency, green progress top priorities

Content image - Phnom Penh Post
Minister of Economy and Finance Aun Pornmoniroth.​ FACEBOOK

Minister to ASEAN: Budget allocation and execution efficiency, green progress top priorities

Cambodia attaches utmost priority to pursuing greater efficiency in budget allocation and execution, improving tax administration and policy, and promoting fiscal revenue diversification, to get the economy back to its full potential and ensure financial sustainability, according to Minister of Economy and Finance Aun Pornmoniroth.

Pornmoniroth made the remark during a High-Level Conference on the topic “Sustainable Finance: Mobilising Financial Resources for Economic Recovery in the Post-Covid-19 Era” on April 7, which was held during the 8th ASEAN Finance Ministers and Central Bank Governors' Meeting (AFMGM).

The minister added that the Kingdom gives special prominence to leveraging sustainable green technologies and practices to enhance the resilience of socio-economic development.

“We must devise realistic and extensively thought-out solutions that address challenges in the fiscal sphere and that explore new green finance initiatives to revitalise the regional economy in an inclusive and sustainable manner, by focusing on closer cooperation between member states and international finance institutions,” he said.

The meeting was attended by the leadership of the finance ministry and representatives from ASEAN central banks, national and international financial institutions, development partners, research institutions and private businesses.

The conference is a major event in the run-up to the second ASEAN Global Dialogue, which is set to take place during the ASEAN summit later this year.


  • Wing Bank opens new branch in front of Orkide The Royal along Street 2004

    Wing Bank celebrates first anniversary as commercial bank with launch of brand-new branch. One year since officially launching with a commercial banking licence, Wing Bank on March 14 launched a new branch in front of Orkide The Royal along Street 2004. The launch was presided over by

  • Girl from Stung Meanchey dump now college grad living in Australia

    After finishing her foundational studies at Trinity College and earning a Bachelor’s degree from the University of Melbourne in 2022, Ron Sophy, a girl who once lived at the Stung Meanchey garbage dump and scavenged for things to sell, is now working at a private

  • Ministry orders all schools, public and private, to close for SEA Games

    From April 20 to May 18, all public and private educational institutions will be closed to maintain order and support Cambodia's hosting of the 32nd SEA Games and 12th ASEAN Para Games, said a directive from the Ministry of Education, Youth and Sport. Cambodia will host the

  • Wat Phnom hornbills attract tourists, locals

    Thanks to the arrival of a friendly flock of great hornbills, Hour Rithy, a former aviculturist – or raiser of birds – in Kratie province turned Phnom Penh tuk tuk driver, has seen a partial return to his former profession. He has become something of a guide

  • Almost 9K tourists see equinox sunrise at Angkor Wat

    Nearly 9,000 visitors – including 2,226 international tourists – gathered at Angkor Wat on March 21 to view the spring equinox sunrise, according to a senior official of the Siem Reap provinical tourism department. Ngov Seng Kak, director of the department, said a total of 8,726 people visited Angkor Wat to

  • Angkor Beer strengthens national pride with golden new look and fresher taste

    Angkor Beer – the "Gold of Angkor" – has a new look, one that is more stylish and carries a premium appeal, as well as a fresher taste and smoother flavour, making it the perfect choice for any gathering. Angkor Beer recently launched its new design, one