Government may approve $5.86b for next year’s budget

Khmer Times staff / Khmer Times No Comments Share:
A file photo shows an aerial view of Phnom Penh. KT/Chor Sokunthea

The cabinet will hold a debate on Friday and is expected to approve the 2018 budget of $5.86 billion, an increase of 16.2 percent from last year’s $5.04 billion, according to a government document seen by Khmer Times yesterday.

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The 2018 budget includes current expenditures of $3.8 billion and capital expenditure of $2.05 billion, according to the document.

More details of the budget for next year will be released after it has been approved by the legislative body in December.

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The document also said Cambodia’s GDP was expected to be 6.9 percent for next year, the same as 2017, making the GDP value increase to $24.55 billion.

GDP per capita is said to be $1,568 in 2018, while the inflation rate is expected to be 3.5 percent for next year from 3.8 percent in 2017, said the report.

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