Cambodia Approves 2027 Budget of $9.72 Billion, Projects 4.8% Growth
2 reports, 1 independent
Updated Oct 23
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What happened
The Cambodian government approved a draft budget of approximately 39.7 trillion riels, equivalent to about 9.72 billion U.S. dollars, for public spending in 2027. The approval was finalized during a cabinet meeting chaired by Hun Manet. The proposed budget represents 16.57 percent of the kingdom's gross domestic product.
From laosnews.net
Why it matters
The government projects Cambodia's economy will grow by roughly 4.8 percent in 2027, with GDP per capita expected to rise to $3,277. This growth is expected to be driven by key sectors, including garment, footwear, and travel goods exports, alongside tourism and information technology.
From laosnews.net
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Related events
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- PM Hun Manet outlined Cambodia's national development strategy during an address held in Phnom Penh.
- Hun Manet is leading the government's strategy focused on Micro, Small, and Medium Enterprises (MSMEs) in Cambodia.
- Hun Manet and Hun Sen held negotiations in France, representing the FUNCINPEC movement and the Cambodian Government.