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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 |

Local Development Budget Set to Equal 1% of National Budget

  • Posted Jul 11, 2023 15:14 by Hun Sirivadh
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PHNOM PENH: The Royal Government of Cambodia decided to transfer additional resources from the state budget to local administration for development expenditures over the next five years from 2024 to 2028. The new budget will be equal to 1% of the current national revenue, and is meant to improve public services and local development.

Prime Minister Hun Sen signed a sub-decree on July 10, in which he ordered the Ministry of Economy to arrange the distribution of funds to each commune (Sangkat) administration, by notifying the recipients, transferring the money and monitoring the expenditures. The funds will be distributed in parts with each commune receiving 25% at the beginning of each quarter. The additional funding will not be provided to districts in Phnom Penh, but will be distributed to other provinces.

The Prime Minister finished by asking community leaders to spend the additional funds in accordance with Cambodian laws and regulations towards community development.


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