Draft 2027 budget proposes $9.8 billion in national spending
The proposal sets out a modest spending rise, but sector-by-sector allocations are not yet public.
Tuesday 3 November · 18:01 · 1 min read
In 30 seconds
- The draft sets 2027 national spending at 39.7 trillion riels, or $9.8 billion, up 3.2% from this year’s budget law. [1]
- Projected revenue is 32.3 trillion riels, or $8 billion, a 6.7% increase. [1]
- The government forecasts 4.8% economic growth in 2027, while the IMF and World Bank each forecast 4%. [1]
What happened
The government approved a draft budget that proposes 39.7 trillion riels ($9.8 billion) in national spending for 2027, 3.2% above the current budget law. It projects revenue of 32.3 trillion riels ($8 billion), up 6.7%. The government forecasts 4.8% economic growth next year, compared with 4% forecasts from both the IMF and World Bank. The draft must still go to the National Assembly, the Senate and then the king for approval.
Why it matters
The budget sets the government’s planned overall spending and revenue, but the government has not published how spending would be divided by sector. The proposal is not yet final, so its figures may change during approval.
Background
The draft states national spending using the current budget law’s total of 38.5 trillion riels for 2026. A 40.9 trillion riel figure also reported for 2026 included broader spending by provincial and local governments, according to CamboJA. The government’s stated priorities include national sovereignty, stability and people’s livelihoods.
Key terms
- Draft budget
- A proposed plan for government revenue and spending that still needs approval.
- National spending
- Government spending counted in the national budget; it may differ from broader totals that include local government spending.
Timeline
- Friday The government approved the draft 2027 budget before it was reported by CamboJA.
Sources (1)
[1] CamboJA News Draft 2027 Budget Proposes $9.8 Billion National Spending, Up 3.2% 28 Oct Read originalWas this explainer clear?
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