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Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Chinese President Xi Jinping Affirms Cambodia's Role as a Key Partner in China’s Diplomatic Strategy | Xi Jinping Concludes State Visit to Cambodia, Strengthening Bilateral Ties | Chinese President Xi Jinping Concludes Successful State Visit to Cambodia | Chinese Ambassador: US-China Trade Tensions Harm Developing Nations; President Xi Urges Investment in Cambodia and Expanded Market Access | Japanese Maritime Self-Defense Force Ships Bungo and Etazima Dock at Ream Sea Base for Four-Day Visit | Prime Minister Hun Manet Expresses Displeasure Over Criticism of Chinese Investments During Kampot International Tourist Port Inauguration | Asian Development Bank Collaborates with Cambodia on New Development Projects Worth Over $1 Billion |

Council of Ministers Approves Draft Law Authorizing Ministry of Economy to Audit Public Procurement

  • Posted Mar 31, 2023 16:11 by Saroeun Phallika
  • 2055
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PHNOM PENH: The "Draft Law on Public Procurement" was fully approved at the Council of Ministers Plenary Meeting, chaired by Prime Minister Hun Sen, on Friday, 31 March 2023.

Government Spokesperson, Phay Siphan, said this law aims to ensure reliability, transparency, efficiency, competitiveness and savings, in line with international practice, by turning the Ministry of Economy and Finance into a regulator and procurement auditor. Meanwhile, other ministries and institutions will also be given authority and responsibility with full accountability to carry out procurement.

Public procurement the purchase by governments and state-owned enterprises of goods, services and works.

Cambodia's first public procurement law was established in accordance with Article 50 of the 1993 Law on the Financial System, which states that “expenditures on construction or purchase of materials in the general state budget and in special accounts of the National Treasury shall be subject to public bidding”.


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