According to the Phnom Penh Post, the Economy and Finance Ministry said that the government did not spend all of the revenue collected from taxes and it had enough savings to deal with any possible crisis in the future.
The International Monetary Fund has projected Cambodia's economic growth to be highest in the Asean region, expanding by seven per cent this year before easing to 6.8 per cent next year. “The growth is still indicative of Cambodia’s strength and the government’s preparedness,” Phalla said. Cambodia is the second-largest beneficiary of EBA trade preferences, accounting for 18 per cent of all imports to the EU market under the EBA scheme last year, the European Commission said on November 12.
In another development, the Cambodian government plans to increase the revenue raised from taxation next year.
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