On November 6, 2024, the NGO Forum on Cambodia attended the workshop on building macroeconomic policy framework and public financial policy for drafting the Law on National Budget for 2025. The workshop was attended by around 300 participants, including parliamentarians and representatives from the Ministry of Economy and Finance, and civil society organizations. This event showcased a strong commitment to collaborative governance and inclusive financial policies.
Key Highlights:
Economic Growth Projections: The workshop projected GDP growth rates of 6.0% for 2024 and 6.3% for 2025, despite global economic challenges.
Budget Insights: Expected revenues for 2025 are at 15.11% of GDP, with expenditures at 18.14%, indicating a need to prioritize local citizen needs, especially for vulnerable populations.
Investment Trends: A notable rebound in Foreign Direct Investment (FDI) approvals was reported, particularly in agriculture and garment sectors, signaling renewed investor confidence.
Government Focus: Emphasis was placed on creating an enabling environment for investments, with a strategic push towards digital economic development.
This workshop not only addressed immediate economic concerns but also laid the groundwork for sustainable development strategies that prioritize human welfare and effective resource allocation. Together, we are shaping a resilient future for Cambodia! 🌍✨ #Cambodia #NationalBudget2025 #SustainableDevelopment


