Cambodia earns almost $4 billion as income mostly from tax and customs in January-August period

Cambodia has earned KHR 16,430 billion (approximately $3.98 billion) as income in the January-August period of this year, the Ministry of Economy and Finance’s report stated on Tuesday. The fiscal income from tax and customs represented 93 percent of the total income, said the report released at a meeting on Public Financial Management Reform Committee and Technical Working Group chaired by Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance. The government has spent KHR 15,271 billion (approximately $3,7 billion), or 57 percent of the total expenditure set in the 2022 national budget law, the report read. The ministry underlined that the implementation of public financial reform is returning to normal after the Covid-19 situation eases, which reflects the resilience of the economy and public finance, the flexibility in carrying out policies and strategies, and the sustainability of public financial management reform implementation. Cambodia’s budget bill sets KHR 32,576.9 billion (around $8 billion) as expenditure for 2022, with national revenue set at KHR 23,462.6 billion (roughly $5.7 billion). AKP-Chea Vannak This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources. Khmer Daily