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Optimizing Financial Management and Budget Planning for the Next Fiscal Year

Optimizing Financial Management and Budget Planning for the Next Fiscal Year

Optimizing Financial Management and Budget Planning for the Next Fiscal Year

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Create DateMarch 29, 2024
Last UpdatedMarch 29, 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:
    1. strengthening healthcare services,
    2. expanding vocational and technical skills for impoverished and marginalized groups,
    3. establishing social assistance programs for vulnerable families, and
    4. 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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