Wednesday, 11 May 2011

Debate on sub-national finance law begins


via CAAI

Wednesday, 11 May 2011 15:02Thet Sambath

NATIONAL assembly members debated a draft law on financial structuring and the management of state’s assets at a sub-national level yesterday. The draft law aims to give more power to provincial, town and district authorities to manage their own finances and state property. “Even though they would be given power, they have to get permission and approval from the national level”, Cambodian People’s Party lawmaker Cheam Yeap said. Sam Rainsy Party lawmaker and party spokesman Yim Sovann said that although the law would give more power at a commune level, it was only on paper. “It is not perfect at all but it will go [through] step by step”, Cheam Yeap added. The draft law has eight chapters comprising of 56 articles and was drawn up by Ministry of Economy and Finance and the Ministry of Interior. The debate will continue today.

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