MEF: Macroeconomic Management 2017 Focuses on Three Main Aspects

Macroeconomic and budget preparation and management 2017 focus on three main aspects, said Secretary of State at the Ministry of Economy and Finance (MEF) H.E. Vongsey Vissoth in a public forum on budget law 2017 held here on Monday.

First, to ensure the smooth, transparent and acceptable conduct of commune/Sangkat council election in 2017; second, to support the country's socio-economic change by focusing on key sectors such as agriculture, industry, services, and so on; and third, to manage risks from both inside and outside the country, especially respond to the uncertainty of global and regional economy, he explained.

According to H.E. Vongsey Vissoth, the national budget 2017 shows Cambodia's efforts, independence and mastery on budget. This year's planned budget increased to some US$5,223 million, or 14 times higher than that in 1994 (US$350 million).

Besides, the foreign financing source in national budget dropped from 66 percent in 1994 to only 21 percent in 2017, emphasised H.E. Secretary of State.

Source: Agency Kampuchea Press