VOD, Dec. 7, 2020
A policy of “using palm leaves to package palm sugar” will help the government save costs amid a decline in revenues due to Covid-19 — in other words, using available resources like swapping state land with investors to support needs like road-building, an official said.
According to the Finance Ministry’s 2021 national budget document, national-level revenues are expected to drop 14 percent from about $7.6 billion to $6.6 billion. Expenditures will fall just 2 percent, from about $7.8 billion to $7.6 billion, it says.
Spending on “investment projects” — categorized under miscellaneous expenditures that do not fall under any ministry — is set to be the biggest item at just over $1 billion, increasing about $81 million from the year before.
Public works and transport sees the biggest fall, its budget dropping by just over $200 million to about $600 million.
The government said in a statement that it would spend savings as well as make deals, especially in Sihanoukville, to prop up the budget.
In full:https://vodenglish.news/govt-promotes-land-for-infrastructure-deals-amid-shrinking-budget/
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