Public Investment in Cambodia Growing
AKP Phnom Penh, July 04, 2019 --
Cambodia’s public investment has increased to 8 percent of the Kingdom’s gross domestic product (GDP), according to H.E. Vongsey Vissoth.
The Economy and Finance Secretary of State shared the update when presiding over a seminar on public investment management recently here in Phnom Penh.
The Royal Government of Cambodia’s national financing, he continued, contributed to about one third of the total public investment amount, while the rest derived from development partners.
The public investment is playing a key role in the development of physical infrastructure, connectivity as well as social and economic sector, and poverty reduction.
On behalf of the Royal Government of Cambodia, the secretary of state thanked all development partners meaningfully being part of the development journey in the country.
By Phal Sophanith