Cambodian Gov't Collects Revenue of 4.88 bln USD in 10 Months

Photo taken on Dec. 19, 2019 shows a view of Phnom Penh, Cambodia. Photo by Sovannara/Xinhua

PHNOM PENH -- The Cambodian government collected a total revenue of 20,160 billion riels (4.88 billion U.S. dollars) in the first 10 months of 2023, a year-on-year decrease of 2 percent, said a Ministry of Economy and Finance report released on Wednesday.

During the January-October period this year, the Southeast Asian country earned 4.4 billion dollars in tax revenue, down 4.2 percent, and 482 million dollars in non-tax revenue, up 24 percent, the report said.

It added that tax revenue collection achieved 77.4 percent of the 2023 target, and the non-tax revenue collection hit 92.7 percent of the whole year target.

"As socioeconomic activities are recovering, Cambodia's revenue collection is on track to achieve its target set in the 2023 Budget Law," the report said.

The report said the government's expenditure reached 6.32 billion dollars in the first 10 months of this year, a year-on-year increase of 19.4 percent.

According to the 2023 Budget Law, the government could borrow up to 1.7 billion SDR (Special Drawing Right), or 2.26 billion U.S. dollars, from friendly countries and development partners to meet the expenditure this year.

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