PHNOM PENH, July 18 (Xinhua) -- Cambodia on Monday planned a drafted budget of around 2.35 billion U.S. dollars for the country’s expenditure in 2012 -- budget for national defense will be among the top priority sectors, said the minister of finance Keat Chhon.
Speaking during a meeting with the members of parliament on budget draft for 2012’s expenditure, Keat Chhon said the total expenditure for 2012 will be equal to 19.42 percent, or [2.35 billion U.S. dollars] of the GDP growth this year.
The GDP growth this year is forecast at 6.1 percent in equivalent to 12.14 billion U.S. dollars, he said.
“It’s just the drafted budget, the final one will be available in September,” he said. “The expenditure is to ensure the stability of macroeconomics and the GDP growth.”
Top priority sectors are national defense and security, health, education, agriculture, irrigation, and infrastructure, he said.
According to the budget law for 2011, the overall budget for 2011 was 2.4 billion US dollars.
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