20 March 2014
Ministry of Economy
and Finance (MoEF) has planned to turn the public financial system into an
effective development tool to promote economic growth and to contribute to
maintaining macroeconomic stability and financial stability in Cambodia.
Ministry said the
establishment of budgetary units was the first step in preparing budgets,
programs and strategic budget plans which were needed to be linked to the MoEF
policy, based on the Rectangular Strategy – Phase III and the political
platform of the government under the clear-sighted and realistic leadership of Prime
Minister Hun Sen.
To develop budget
programs and strategic budget plans, the MoEF set forth two policies: (1)
Financial and Economic Development Management Policy, and (2) Public Finance
and State Property Management Policy, and from the two policies, there are five
programs aimed at supporting the effective and efficient implementation of the
aforementioned policies.
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