Cambodia’s Public Debt Reaches USD 11.78 Billion by Q3 2024

• 16 December 2024
• Local News
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Cambodia’s public debt reached USD 11.78 billion by the end of the third quarter of 2024. According to a recent report by the Ministry of Economy and Finance, this debt comprises USD 11.67 billion in external debt (99%) and USD 115 million in domestic debt (1%).

The external debt portfolio is diversified across multiple currencies, with 45% denominated in US dollars, 19% in Special Drawing Rights (SDR), 12% in Japanese Yen (JPY), 11% in Chinese Yuan (CNY), 8% in Euros (EUR), and 5% in other currencies, including local tender. These proportions highlight Cambodia’s integration into the global financial system, ensuring a balanced exposure to currency risks.

Cambodia’s public debt stands at 19% of its Gross Domestic Product (GDP), a figure well below the international threshold of 40% for sustainable debt levels. The Ministry of Economy and Finance noted that this indicates a “sustainable” and “low-risk” debt position for the country, reflecting prudent fiscal policy and effective debt management practices.

Between January and September 2024, the Royal Government of Cambodia (RGC) paid USD 466 million in debt service, demonstrating its commitment to maintaining fiscal responsibility while pursuing infrastructure, social development, and economic growth. These repayments underline the government’s strategy to balance borrowing with repayment capacity, preserving the country’s long-term financial stability.

The RGC’s approach to debt management showcases Cambodia’s readiness to sustain growth while maintaining fiscal discipline. As the nation continues to navigate global economic challenges, the Ministry of Economy and Finance’s report underscores a stable financial foundation, ensuring the kingdom remains poised for future progress.

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