Cambodia 2007 National Budget
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.