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More efficient public expenditure for strong and inclusive growth (English)

Cambodia has achieved impressive economic growth, with an average annual Gross Domestic Product (GDP) growth rate of 8.1 percent over the period 2000-10, and a dramatic reduction in poverty from 53.0 percent in 2004 to 20.5 percent in 2011. Notwithstanding these achievements, further progress is needed to raise living standards of those living just above the national poverty line, and help the more than 2 million people who are still poor. The critical challenge ahead for Cambodia is to ensure sustained high growth without social exclusion. Sustained strong inclusive growth will require both public investment in physical infrastructure and human capital (including health and education), and assuring equal access to quality public services. The need for increased investment, coupled with the expected decline in Overseas Development Aid (ODA), will mean greater dependence on domestic revenues. This will require improved standards in the ways in which the Royal Government of Cambodia manages its public finances. Increasing fiscal space by reducing tax exemptions and improving collection should provide larger allocations. This is one side of improved public financial management (PFM). In addition, on the expenditure side, this should be accompanied by more efficient and effective spending, together with more transparent rule-based governance. Improving both aspects of PFM will promote strong, inclusive growth and better quality services for citizens.

Details

  • Document Date

    2013/09/01

  • Document Type

    Brief

  • Report Number

    83079

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Cambodia,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2013/12/03

  • Disclosure Status

    Disclosed

  • Doc Name

    More efficient public expenditure for strong and inclusive growth

  • Keywords

    Agriculture;public financial management reform program;government spending;efficiency of government spending;Efficiency of Public Expenditures;effectiveness of service delivery;fiscal space;Public Spending;Tax Exemption;inclusive growth;public finance;Learning and Innovation Credit;development partner;outlay on health;decline in enrollment;gdp growth rate;national poverty line;Public Finance Management;quality public service;rates of return;source of funding;service delivery arrangement;availability of textbook;Early childhood education;education and health;classification of items;chart of account;civil service wage;allocation of responsibility;rural road rehabilitation;Maintenance of Irrigation;public money;agricultural growth;extension service;irrigation canal;core service;government priority;tax incentive;enhancing transparency;secondary canal;budget increase;Fiscal Sustainability;account developments;donor grant;health gain;government leadership;government budget;health increase;technical cooperation;education address;export earnings;fiscal impact;efficiency gain;cut spending;budget work;governance issue;quality service;human capital;equal access;increased investment;domestic revenue;public funding;improved public;transparent rule;physical infrastructure;Tax Evasion;foregone revenue;Tax Holiday;government health;agricultural output;expenditure tracking;public good;Student Assessment;central department;health outcome;budget allocation;policy planning;Public Goods;water resource;dramatic reduction;living standard;medical equipment;social exclusion;student scholarship;external aid;equity fund;financing arrangement;budget credibility;medical supply;health districts;primary enrollment;public resource;capital spending;

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Citation

More efficient public expenditure for strong and inclusive growth (English). Cambodia policy note ; public financial management reforms Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/677891468006009212/More-efficient-public-expenditure-for-strong-and-inclusive-growth