MLMUPC Contributes Approx. US$150 million Per Year to National Budget

• 24 August 2022
• Local News
• 1422 Views

The Ministry of Land Management, Urban Planning, and Construction Cambodia (MLMUPC) has been contributing an average of US$150 million annually to the national budget, one of the largest contributions from a ministry.

The figure was explained by HE Seng Lot, Director General of the Administration Department of the Ministry of Land Management, Urban Planning and Construction in a press conference on 24 August.

“Revenue from non-tax services is about US$30 million. Meanwhile, revenue from the tax department but all transactions managed by MLMPUC, which we call the stamp duty, is about US$120 million,” said HE Seng Lot.

“Thus, the ministry has contributed revenue to the national budget of about US$150 million dollars a year,” he added.

• Economy and Finance