The Cambodian government has approved the draft budget of 38,829 billion riels (about 9.4 billion U.S. dollars) for the government spending in 2024, a decrease from 9.64 billion dollars in 2023.
The approval was made during a weekly Cabinet meeting on Friday, which was chaired by Prime Minister Hun Manet, said a press release after the meeting.
The budget next year is equal to 27.16 percent of the country’s gross domestic product (GDP), showed the news release.
“The 2024 expenditure will still focus mainly on social sector, education, vocational training, and health, among others,” it said.—Xinhua
