AKP Phnom Penh, March 11, 2025 --

The Ministry of Economy and Finance’s report showed that Cambodia’s public debt reaching US$12.03 billion by the end of 2024 remained sustainable and low risk of debt distress.

In a report of the Cambodia Public Debt Statistical Bulletin released on Mar. 11, as of year-end 2024, Cambodia’s public debt stood at US$12.03 billion, in which 99 percent or US$11.92 billion is public external debt and 1 percent or US$115 million is public domestic debt.

The composition of the public debt stock is comprised of USD 49 percent, SDR 18 percent, JPY 10 percent, CNY 10 percent, EUR 8 percent, and local and other currencies 5%, read the bulletin.

All the loans were highly concessional with an average grant element of around 45 percent, the bulletin said, citing that the purpose of these loans was to finance public investment projects in priority sectors that support long-term sustainable economic growth and economic productivity of the country.

“Cambodia’s public debt situation continues to remain “sustainable and at low risk,” the ministry said in the bulletin.

Cambodia's total public debt is at 19 percent of the gross domestic product (GDP), which is far lower than the threshold of 40 percent, it added.

According to the bulletin, the Royal Government of Cambodia (RGC) paid debt services to the tune of US$558.7 million in 2024.

Last year, the RGC issued government securities in the total amount of KHR 301.30 billion, equivalent to US$74.86 million accounting for 68 percent of the ceiling permitted by law (KHR 440 billion) for financing support to the public investments for economic and productivity.

H.E. Dr. Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance

By Chea Vannak