National Assembly and Royal Government Convene Seminar on Macroeconomic and Public Financial Policies

• Proeksa Meas
• 13 November 2026
• Construction Focus
• 71 Views

Crafting the National Budget Under a Proactive Stance to Safeguard Territorial Sovereignty, Protect Citizens’ Livelihoods, and Target Growth Amid High Uncertainty

The legislative and executive branches engaged in a vital collaborative dialogue during the parliamentary seminar on building macroeconomic and public financial policy frameworks to draft the 2027 Financial Management Law, held at the National Assembly on the morning of November 5, 2026. The high-level opening ceremony was presided over by His Excellency Kitti Settha Pandita Cheam Yeap, First Vice-President of the National Assembly.

Addressing the assembly, His Excellency Cheam Yeap emphasized that the seminar serves as an essential platform for interaction and idea exchange between the legislature and the executive, enhancing mutual understanding of economic trends and fiscal challenges to ensure the 2027 national budget is legally sound and responsive to citizens’ real needs. He noted that the national budget transcends mere state revenue and expenditure tracking, functioning instead as a powerful policy instrument to steer development, allocate resources effectively, and achieve national economic objectives.

In parallel, His Excellency Chheang Von, Chairman of the Commission on Economy, Finance, Banking, and Audit of the National Assembly, outlined that the 2027-2029 budget strategic plan centers on three core goals: promoting budget efficiency and transparency to secure public financial sustainability, strengthening socio-economic resilience against future crises, and addressing developmental demands to drive sustainable national progress.

During the discussions, His Excellency Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, reported that due to rapid global shifts, the Cambodian economy is projected to achieve growth rates of approximately 4% in 2026 and 4.8% in 2027. This moderate adjustment reflects external pressures including rising fuel prices, anti-cyber-scam operations, and land border closures. Nevertheless, the Royal Government maintains a proactive stance encapsulated by the mindset of “hoping for the best while preparing for the worst”. Consequently, the 2027 national budget has been formulated under a “targeted growth-supportive public financial policy stance,” serving effectively as a budget to protect sovereignty and territorial integrity, safeguard citizens’ livelihoods, and shield targeted growth amidst high global uncertainty.

The meticulous formulation of the 2027 Financial Management Law underscores the steadfast dedication of both the National Assembly and the Royal Government to maintaining robust public financial governance. By adopting a flexible, proactive fiscal policy framework designed to weather external shocks, Cambodia is strongly positioned to secure its national sovereignty, stabilize household incomes, and sustain long-term socio-economic resilience. (read more)

• Policy and Strategy
• Economic and finance
• MEF
• National Assembly