Cambodia 2007 National Budget

ខែវិច្ឆិកា 10, 2006 បញ្ចេញមតិ Go to comments

The 2006 fiscal year will be ended soon so all organizations both public and private are in hurry to prepare the next year budget plan. For instance, the government has worked very hard to prepare the 2007 national budget. “The Chief of Economic and Finance Committee of National Assembly has recently announced the 2007 national budget. He has reported that national planned expenditure for 2007 was 1,100.00 millions US dollar. The 2007 budget was 200.00 millions US dollar higher than 2006” quoted from Radio Australia.

Base on population projection from Ministry of Planning, the Cambodia total population will be 14,363,519 in 2007. In addition, according to the data from Ministry of Economic and Finance, projected Gross Domestic Production (GDP) will be 6,993.17 millions US dollar. Hence, the GDP per Capita will be approximately 487.00 US dollar, increasing a little bit from 456.00 US dollar in 2006.

With the increase of national budget, it indicates that the government has made excellent efforts in public investment. It sounds good, isn’t it? In response to the announcement of the 2007 national budget, a parliamentary member from opposition party has expressed that there is somehow an improvement but this amount will still not adequate for public investment.

By knowing a little bit about economic and as I am not an economist I should not express any ideas or judge whether or not the progress has been made by the government. However, as a citizen, I should share my own analysis and expression from doing my simple mathematic.

As in 2007, the national budget was 1,100.00 millions US dollar and projected population was 14,363,519, meaning the government will invest about 76.58 US dollar per Cambodian for the year of 2007. If my interpretation is right, do you think this amount is adequate to meet the social need of the people?

Please kindly post your comment. Whatever it is? Comment, complaint, interpretation, correction, suggestion … it will be warmly welcomed.

ចំណាត់ក្រុម ៖ព៌តមាន News, អត្ថបទ Article
  1. ខែធ្នូ 20, 2006 ម៉ោង 7:09 ព្រឹក

    Luogo interessante, buon disegno, lo gradisco, signore! =)

  2. echo
    ខែមករា 31, 2007 ម៉ោង 7:25 ល្ងាច

    Is more a question of whether each and every Cambodian can afford to spend 76.58 US dollar on public expenses in 2007. I think the country is heavily dependent on foreign aid – and loans which have to be paid back in the future! With interest! By Cambodians. The government is not a separate entity. Every dollar it spends, you pay. But you are right: investment is important. So it’s a question of where the money goes, not how much. In the right places, we should see improvement. I like your links. Pity I can’t read Khmer. =)

  3. ខែ​មេសា 12, 2007 ម៉ោង 5:42 ល្ងាច

    Ich besichtige deinen Aufstellungsort wieder bald fur sicheres!

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