Phnom Penh (FN), Mar. 20 – Cambodian prime minister Hun Sen said that Cambodia's annual public debt is below 20 percent of the total national budget thanks to the implementation of the Public Financial Management Reform Program (PFMRP).
The premier spoke at the implementation of the PFMRP Phase 4 (2023-2027), held on Monday (Mar 20) at Sokha Phnom Penh Hotel.
"National independence and national sovereignty, good achievements of the PFMRP have strengthened the ownership and role of the Royal Government in taking responsibility for the nation's fate by reducing its dependency on foreign debts," the premier underscored.
"Currently, the annual public debt is below 20 percent of the total national budget," the premier continued.
Samdech reminded that over the past 30 years, Cambodia's self-earned domestic income was only about one-third of the total national budget, meaning that about two-thirds of the national budget depended on financial assistances from abroad. This was the reason why Samdech has publicly announced in the past that "reform will survive, not reform will die."