The National Assembly today unanimously approved next year’s $6.7 billion national budget, an increase of 11.4 percent over 2018.
According to the budget law, the 2019 budget will be about $6.7 billion, up from 2018’s $6.09 billion.
The government plans to spend $4 billion in current expense, an increase of 12.3 percent over last year and spend some $2 billion on state investment, an increase of 9.8 percent, according to the law.
The government also plans to increase $6.5 billion in revenue.
Cambodia’s GDP grows at a stable rate of about seven percent annually, with the construction and the tourism sectors contributing the most.
The economic growth is predicted to be 7.1 percent next year and the GDP is projected to reach $27.22 billion.