Government Passes $5.24B Investment Plan

The Council of Ministers on Friday approved a three-year $5.24 billion “public investment program”—a package of several hundred projects from 2015 to 2017 designed to help the government reach its goal of 7 percent annual growth or better.

A statement from the Council of Ministers says the money will be spread across 500 projects.

It does not specify what those projects will be, but notes that 60 percent of them will be in rural areas. Council of Ministers spokesman Phay Siphan declined to elaborate on the plan and referred to his Facebook page.

There, Mr. Siphan offers a rough breakdown of the money: 47.7 percent for infrastructure, 32.2 percent for the “economic sector,” 12.4 percent for social affairs, and 7.7 percent for “services” and other projects that overlap two sectors or more.

The $5.24 billion package is part of the overarching $26.58 billion National Strategic Development Plan for 2014 to 2018 that the single-party CPP Assembly approved in June.

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