Gov’t implements austerity measures to assist recovery

Cambodia plans to reduce expenses in all sectors and government institutions as part of a move to assist the economy to recover from the Covid-19 outbreak, a 22-page strategic plan for 2021-2023 unveiled last Wednesday said.

In the circular, the government said the economy has fallen by 1.9 per cent this year, but it expects it to rebound and grow by 3.5 per cent next year.

The document was signed by Prime Minister Hun Sen and directed all state institutions to make budget and action plans.

In full: https://www.phnompenhpost.com/national/govt-implements-austerity-measures-assist-recovery

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