Saturday, November 27, 2010

National Assembly Passes $2.4 Billion Budget

NatASS
The 2011 budget, totaling $2.4 billion, allocates military and security spending of $304 million, including $190 million for the Ministry of Defense. (Photo: by VOA Khmer)
Chun Sakada, VOA Khmer
Phnom Penh Friday, 26 November 2010
“The sectors of the government considered a priority, like the Ministry of Agriculture, received 1.8 percent of the total expenditure.”
With a day of mourning for the Diamond Bridge tragedy behind it, the National Assembly took up debate and passed next year’s budget, approving an increase of nearly half a billion dollars.

The 2011 budget, totaling $2.4 billion, allocates military and security spending of $304 million, including $190 million for the Ministry of Defense. The Interior Ministry received $114 million, health $169 million, and education $223 million.

Ouk Rabun, secretary of state for the Ministry of Finance, told lawmakers his ministry would accept recommendations from the National Assembly on “better public finance management.”

The main opposition, the Sam Rainsy Party, said it did not support the budget, claiming it had misplaced funding priorities.
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