Open Development Cambodia publishes new research briefing: budget and public procurement
Open Development Cambodia has published a briefing with data visualizations on Cambodia’s budget and public procurement. In the last three years, Cambodia’s national budget has seen significant growth of around US$ 1.6 billion, from US$ 3.4 billion in 20141 to US$ 5 billion in 2017.2 This is an average annual increase of almost 14%. The increase can be partly attributed to the country’s fast economy growth, typically around 7% or more annual GDP growth over several decades, and partly to the government’s efforts around tax collection. For this year, to meet the target state revenues, the Ministry of Economy and Finance, through the Customs Department and Tax Department, is committed to collect the equivalent of 8.29% and 7.74% of GDP respectively.
