Posted on 21 October 2008
The Mirror, Vol. 12, No. 583
“Phnom Penh: During a plenary session on the morning of 17 October 2008, led by Samdech Akkak Moha Senapadei Dekchor Hun Sen, the Prime Minister of the Royal Government of Cambodia, a draft law ‘Management of the Budget in 2009,’ was adopted that had been prepared by the Ministry of Economy and Finance.
“Financial legislation, what is called in this case the national budget for 2009, had been prepared on the basis of the national development strategy, and particularly to encourage the implementation of the Rectangular Strategy in a second step, to increase the equity and efficiency of the work, and to achieve the policy goal of alleviating poverty and of promoting the citizens’ livelihood.
“According to an announcement by the Council of Minister, in order to implement the policies and strategies of the Royal Government as mentioned above, especially to achieve national development strategies, as well as the second step of the implementation of the Rectangular Strategies of the Royal Government in 2009, the royal government needs to spend all together Riel 7,551,516,000,000 [approx US$1,870 million] in total. The budget in 2009 increases by 29.6%, compared to the finance for 2008.
“In this package budget, the total expense is Riel 7,256,566,700,000 [US$17,984,056] by which it increases by 28%, compared to the budgetary legislation for 2008. As for the expense at province and cities levels, it is Riel 291,950,000,000 [approx. US$72,350,000], increasing by 92% compared to the financial legislation for 2008. As for the total expense (without calculating their distribution), it is Riel 4,541,905,700,000 [approx. US$1,126 million]..
“The draft laws about finance for 2009 have five chapters and twelve articles.
“During the plenary session of the Council of Ministers on the morning of 17 October 2008, held at the Ministry of Foreign Affairs and International Cooperation,, the Council of Ministers also agreed to adopt the draft laws about the general settling of accounts of the budget of the state for the year 2007, depending on the results of cooperation of income and expense of pubic investment projects by foreign financing.
“The announcement of the Council of Ministers stated that although the start had been optimistic, the situation was challenging because the garment export quotas had come to an end, and with some negative natural events, the economic growth of Cambodian could still grow fairly high to 10.2%…
“Before closing the plenary session, the Council of Ministers also agreed to adopt draft laws about the general settling of the accounts of the budget of the state for 2006.
“These daft laws will be sent to the National Assembly to ask for ratification by the legislative institution.
“It should be noted that, while the Royal Government adopted national budget plans for 2009, the chairperson of the Commission of Economy, Finance, Banking, and Audits of the National Assembly, Mr. Cheam Yeap, also plans to send a request to the Ministry of Economy and Finance, to check and increase the budget for the military field and for national defense.
According to Mr. Cheam Yeap, during this fourth term, he will request the provision of the right to Samdech Dekchor Hun Sen to use the national budget in the military field. The total budget for the military field during the third term National Assembly was around US$200 million to US$300 million.”
Khmer Sthapana, Vol.1, #121, 19-20.10.2008
Newspapers Appearing on the Newsstand:
Monday, 20 October 2008
The Mirror, Vol. 12, No. 583
“Phnom Penh: During a plenary session on the morning of 17 October 2008, led by Samdech Akkak Moha Senapadei Dekchor Hun Sen, the Prime Minister of the Royal Government of Cambodia, a draft law ‘Management of the Budget in 2009,’ was adopted that had been prepared by the Ministry of Economy and Finance.
“Financial legislation, what is called in this case the national budget for 2009, had been prepared on the basis of the national development strategy, and particularly to encourage the implementation of the Rectangular Strategy in a second step, to increase the equity and efficiency of the work, and to achieve the policy goal of alleviating poverty and of promoting the citizens’ livelihood.
“According to an announcement by the Council of Minister, in order to implement the policies and strategies of the Royal Government as mentioned above, especially to achieve national development strategies, as well as the second step of the implementation of the Rectangular Strategies of the Royal Government in 2009, the royal government needs to spend all together Riel 7,551,516,000,000 [approx US$1,870 million] in total. The budget in 2009 increases by 29.6%, compared to the finance for 2008.
“In this package budget, the total expense is Riel 7,256,566,700,000 [US$17,984,056] by which it increases by 28%, compared to the budgetary legislation for 2008. As for the expense at province and cities levels, it is Riel 291,950,000,000 [approx. US$72,350,000], increasing by 92% compared to the financial legislation for 2008. As for the total expense (without calculating their distribution), it is Riel 4,541,905,700,000 [approx. US$1,126 million]..
“The draft laws about finance for 2009 have five chapters and twelve articles.
“During the plenary session of the Council of Ministers on the morning of 17 October 2008, held at the Ministry of Foreign Affairs and International Cooperation,, the Council of Ministers also agreed to adopt the draft laws about the general settling of accounts of the budget of the state for the year 2007, depending on the results of cooperation of income and expense of pubic investment projects by foreign financing.
“The announcement of the Council of Ministers stated that although the start had been optimistic, the situation was challenging because the garment export quotas had come to an end, and with some negative natural events, the economic growth of Cambodian could still grow fairly high to 10.2%…
“Before closing the plenary session, the Council of Ministers also agreed to adopt draft laws about the general settling of the accounts of the budget of the state for 2006.
“These daft laws will be sent to the National Assembly to ask for ratification by the legislative institution.
“It should be noted that, while the Royal Government adopted national budget plans for 2009, the chairperson of the Commission of Economy, Finance, Banking, and Audits of the National Assembly, Mr. Cheam Yeap, also plans to send a request to the Ministry of Economy and Finance, to check and increase the budget for the military field and for national defense.
According to Mr. Cheam Yeap, during this fourth term, he will request the provision of the right to Samdech Dekchor Hun Sen to use the national budget in the military field. The total budget for the military field during the third term National Assembly was around US$200 million to US$300 million.”
Khmer Sthapana, Vol.1, #121, 19-20.10.2008
Newspapers Appearing on the Newsstand:
Monday, 20 October 2008
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