Phnom Penh (FN), Oct. 26 – The Royal Government of Cambodia has set a target of about US$6.7 billion for expenditure in 2019, an increase of 11.4% compared to 2018, according to summary of Ministry of Economy and Finance's draft budget law 2019 which Fresh News received on Friday.

According to the draft, state revenues is expected to be US$5.2 billion, an equivalent to 19.2% of GDP, increased by 14% compared to 2018, whereas the expenditure is US$6.7 billion, an equivalent to 24.7% of GDP. It is estimated that the current surplus could be maintained at about 2.81% of GDP in 2019 with budget deficit of -5.4% of GDP in line with the fiscal consolidation policy.

The draft added that the deficit will be filled in by 4.8% of the GDP of the external financing; 0.23% of GDP of the supporting fund; and 0.37% of the government deposits, an equivalent to US$100 million, which will also be used to support the establishment of the state-owned SMEs Banks.
=FRESH NEWS