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Cambodia: Unsustainable spending

Cambodia's cabinet has approved a new five-year National Strategic Development Plan that envisages spending $26.58 billion – an average of $5.3 billion a year, until 2018. But as the entire government budget this year is only $3.

Cambodia's cabinet has approved a new five-year National Strategic Development Plan that envisages spending $26.58 billion – an average of $5.3 billion a year, until 2018. But as the entire government budget this year is only $3.4 billion, many are scratching their heads over how this can be achieved. Prime Minister Hun Sen said the money will come from “domestic and foreign financing, including capital investment from the public and private sectors.” Critics say this will saddle the country with unsustainable debt and claim current development projects are of poor quality and are riddled with corruption.