Optimizing Financial Management and Budget Planning for the Next Fiscal Year
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Create Date | March 29, 2024 |
Last Updated | August 27, 2024 |
- Cambodia's Gross Domestic Product (GDP): 5.6% by 2023 (projected) and 6.6% in 2024 reaching to USD 35.16 billion (estimated)
- Strategic priorities of 2024 Annual Budget:
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- strengthening healthcare services,
- expanding vocational and technical skills for impoverished and marginalized groups,
- establishing social assistance programs for vulnerable families, and
- fostering the development of the informal economy with financial support
- 2024 state's expenditure: USD 9,129.25 million, reflecting a 5.3% decrease compared to 2023 Capital expenditure significantly decreased by 31% as it does not record public debt payments in capital expenditure
- 2024 State's revenue decreases by 11.6%, if compared to the previous fiscal year, amounting to USD 7,997.27 million. Current revenue: 11.1% increase compared to 2023
- Budget deficit in 2024: 12.39%, which is equivalent to 3.22% of the Kingdom's total GDP, compared to 25% in 2023
- 2024 state expenditure: 5.3% decline, however, the current expenditure increases 12.9% while the capital expenditure decreases 31%
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