“Our total external debt stands between 33 per cent and 35 per cent of the GDP [gross domestic product], which is still lower than the threshold of 40 per cent,” MEF spokesperson Meas Soksensan told a press conference.
“The war between Russia and Ukraine is creating issues such as high inflation due to the rising prices of oil and food items. The MEF will continue to monitor and evaluate the situation and put in place intervention measures in a timely manner,” he was quoted as saying by Cambodian media reports.
The MEF will continue its efforts to revitalise the economy through the implementation of the ‘Strategic Framework and Programme to Restore and Promote Cambodia’s Economic Growth’ as part of living in a new normal way with COVID-19 policy.
The government will also streamline public revenue management and step up tax revenue collection, he added.
Fibre2Fashion News Desk (DS)