More money for public sector investment

The Cambodian government is stepping up its effort to improve its public sector and to stimulate economic growth.

A bamboo bridge connecting Kampong Cham
provincial town to rural islands.

The government has approved over 4 billion US dollars of investment in public sector over the next three years.

This is according to a statement of the council of ministers.

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Over 4.3 billion US dollars - that’s the amount of money that the Cambodian government is going to invest in its public sector between 2013 and 2015.

This is according to the Council of Ministers.

With this budget, the Cambodian government plans to stimulate the country’s economic growth.

According to the statement, 65 percent of the budget will be earmarked for investment in rural areas, including infrastructure, stimulating the economy, and social spending.

With the government’s efforts, it is forecasted that Cambodia’s economy is going to grow.

Last year, Cambodia’s gross domestic product (GDP) growth stood at 6.6 percent.                       

And the World Bank predicted last week that it is going to grow further.

Source: CNC's This Is Cambodia