Logo of Phnom Penh Post newspaper Phnom Penh Post - Budget a step closer to passing

Budget a step closer to passing

Budget a step closer to passing

A National Assembly finance committee consisting of ruling party officials yesterday approved the government’s 2014 Draft Budget, Cambodian People’s Party spokesman Cheam Yeap said.

“This morning, the draft budget was approved within my committee and we are now preparing to send it to the National Assembly to prepare the agenda for official approval in an upcoming session,” he told the Post.

“We focused on three things in the budget law. First, floods and their effects on the provinces. Second, a salary increase for civil servants throughout the country. And, third, good governance in the finance sector when it comes to our macro-finance and public-finance policies.”

The government last month announced that the $3.5 billion proposed budget had been sent from the Council of Ministers to the National Assembly.

The figure was $500 million higher than this year’s budget, but details of spending were not revealed.

The government believes it has enough representatives to legally vote to pass the budget, despite the opposition Cambodia National Rescue Party continuing to boycott the 55 seats it won at the July election.

MOST VIEWED

  • Phnom Penh authorities ban march for Human Rights Day

    Phnom Penh authorities have banned a planned march as local NGOs and workers’ unions gear up to celebrate the 70th anniversary of the signing of the Universal Declaration of Human Rights on Monday, with a youth group leader saying they would march nonetheless. The UN

  • US Embassy urges reconciliation

    The US has urged Cambodia to restore the independence of the media, drop charges against Kem Sokha and other political prisoners, and end the prohibition of political activity by opposition parties. However, senior government officials see the request, issued by US embassy spokesman Arend C

  • Government deports 235 Chinese scammers

    THE Immigration Department of the Ministry of Interior on Thursday deported 235 Chinese nationals, 35 of whom were female, via the Phnom Penh International Airport for their part in a Voice over Internet Protocol (VoIP) online money extortion scam. The deportees were arrested on November 26 over the

  • EU companies voice concern over impact of possible EBA withdrawal

    European companies operating in Cambodia voiced concern over the potential repercussions of removing the Kingdom’s Everything But Arms (EBA) preferential scheme, as the EU Ambassador to Cambodia, George Edgar, led an EU-organised media trip this week. Speaking in Siem Reap province as part of