PM Shares Positive Trend of Cambodia’s Macro-economy

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Phnom Penh, October 03, 2019 –Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen has highlighted the positive trend of the Kingdom’s macro-economy.

While presiding over a graduation ceremony of BELTEI International University held here yesterday, the Premier said that this year’s customs revenue may exceed the set plan by US$800 million, while the current cash surplus is more than US$15 billion with over 30 tonnes of gold reserves.

In the first nine months, customs revenue has already reached 105 percent of the yearly plan or US$2,384 million, without including the non-fiscal revenue, he underlined.

“We earn about US$500 million a month and spend around US$300 million, so we save some US$200 million,” Samdech Hun Sen continued.

Of the 30 tonnes of gold reserves, Samdech Techo Prime Minister said, 12 tonnes is inheritance being deposited at a bank in Switzerland, 15 tonnes had been bought by the National Bank of Cambodia and deposited in London, the United Kingdom, and the rest (3 tons) in Phnom Penh.

by Khan Sophirom