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Strategic framework for fiscal resource mobilization and life insurance for Cambodia

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Frame of Image ofessor, Sogang University and Former Deputy Prime Minister of MOFE Chong Chan Choi, Former Minister of Construction and Transportation Cheon Sik Yang, Chairman & President, Korea Eximbank Sang Woo Nam, Visiting Professor, KDI School Chang-Gyun Park, Professor, Chung-Ang University Project Manager: Sang Woo Nam, Visiting Professor, KDI School Authors: Chapter1: Ilho Yoo, Professor, KDI School of Public Policy and Management Chapter2: Chong Tae Park, CEO & President, MainStream & Company. Ltd Seongho Kim, Director, MainStream & Company. Ltd Chapter3: Seog Young Kim, Research Fellow, Korea Insurance Development Institute In cooperation with: Ministry of Economy and Finance, the Kingdom of Cambodia Hang Chuon Naron, Secretary General, Ministry of Economy and Finance Bankosal Ming, first Deputy Director, Department of Financial Industry Phalla Phan, Deputy Director, Economic and Public Finance Policy Department Managed by: Center for Economic Cooperation (CEC), KDI School Tai Hee Lee, Head Gil-Sang Won, Senior Expert Tae-Kyung Kim, Research Associate Hyae Jin Jeong, Research Associate Jang Saeng Kim, Research Associate Government Publications Registration Number 11-1190000-000162-01 ISBN 978-89-91765-05-4 93340 Copyright ⓒ 2007 by Ministry of Finance and Economy, Republic of Korea
#캄보0장001-013사-1 2007.9.6 4:40 PM 페이지3 1 2540DPI 175LPI
Government Publications Registration Number 11-1190000-000162-01
Knowledge Sharing Program
Strategic Framework for Fiscal Resource Mobilization and


Full Text
Title Strategic framework for fiscal resource mobilization and life insurance for Cambodia
Similar Titles
Material Type Reports
Author(English)

Yoo, Ilho; Park, Chong Tae; Kim, Seongho; Kim Seog Young

Publisher

[Seoul]:Korea Development Institute

Date 2007
Series Title; No Knowledge Sharing Program
ISBN 978-89-91765-05-4
Pages 172
Language English
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Holding Korea Development Institute
Recipient Country Cambodia(Asia and Pacific)
Donor Country South Korea(Asia and Pacific)
Supervisor Korea Development Institute
Organizer Korea Development Institute
Sponsor Ministry of Finance and Economy

Abstract

Cambodia achieved a remarkable annual average GDP growth of 9.7% over the five-year period from 2002-06. Inflation has also been stabilized since 1998 to record an average rate of 2.2% over the eight-year period from 1999-2006. In spite of this apparent turnaround in Cambodia’s macroeconomic indicators, its macroeconomic situation is still suffering from structural weaknesses.
Background and significance of the KSP for Cambodia
The first of the structural problems is the weakness in government revenue base. Notwithstanding the steady increase in the past years, the estimated current revenue in 2006 remains at 10.7% of GDP. This revenue includes non-tax revenue that exceeds 2% of GDP. Naturally, government expenditure has to be constrained. The estimated 2006 government expenditure accounted for 14.8% of GDP, resulting in a budget deficit of over 4% of GDP. (The rest omitted)