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Cambodia cuts 2021 State budget due to COVID-19

The Cambodian Government on June 16 announced a plan to reduce the 2021 State budget to 4 billion USD due to the impacts of COVID-19.
Cambodia cuts 2021 State budget due to COVID-19 ảnh 1In Phnom Penh, Cambodia (Photo: VNA)


Phnom Penh (VNA) – The Cambodian Government on June16 announced a plan to reduce the 2021 State budget to 4 billion USD due to theimpacts of COVID-19.

The figureaccounts for about a 50 percent drop from this year’s State budget,including a 11.3 percent decrease for social affairs and 6.4 percent forgeneral administration.

Last year, the Cambodian National Assembly approved the government’splan to spend 8.2 billion USD in 2020, a 22 percent increase compared with 2019.

The Khmer Timesthe same day quoted Cambodian Prime Minister Hun Sen’s directive as saying thatCambodia’s economic growth in 2020 is predicted to be negative 1.9 percent.

The Fresh Newsalso said the Cambodian Government earmarked 1 billion USD for the fightagainst the pandemic and economic recovery.

PM Hun Sen also said with optimism that theCambodian economy could grow by 3.5 percent next year thanks to global economicrecovery and external demand./.

VNA
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