The government Finance Statistic (GFS) is designed to provide comprehensive coverage of the government's transactions with the rest of the economy and the world and measure primarily government receipts, payment and unpaid obligations.

The Cambodia GFS are compiles by the Department of Economic and Public Finance Policy of the Ministry of Economy and Finance (MEF) on a monthly basic and are based on sources data from the National Treasury, other department within MEF and the National Bank of Cambodia.

Government budget for 2006

Revenue

Total revenue for 2006 was 3,3398 billion Riels or 11.5% of GDP that was a 19.3% increase compared with 2005. Tax revenue increased from 1,699 billion Riels in 2005 to 2,441 billion Riels in 2006 due to mainly to increase in revenue from income taxes, goods and services taxes and international trade taxes.

Income taxes increase sharply in 2006 to 331 billion Riels, from 222 billion Riels in 2005, represents a 49% increases compared with 2005. The main sources to this increase were payroll and profit taxes.

Good and services taxes increased by 31.8% from 1,156 billion Riels in 2005 to 1,368 billion Riels in 2006. The main sources to this increase were increases of value added tax by 19% and excises taxes by 9.9%.

International trade taxes were increased by 13.1%, from 647 billion Riels in 2005 to 732 billion Riels in 2006. The main sources to this increase were increase in import duties on petroleum products of 38.9%, sur-tax on petroleum products of 58.2% and other import duties of 6%.

Grants from international community increase by 17.8% from 646 billion Riels in 2005 to 761 billion Riels in 2006. The first and second biggest donor disbursement was Japan and United State of America.

Non-tax revenue, increase by 6% from 455 billion Riels in 2005 to 482 billion Riels in 2006. The main sources to this increase were increases of tourist income by 16%, visa fees by 12%. Offsetting these increases was post and telecommunication revenue decreased by 22.3% due to this institution became autonomous.

Expenditure        

Current expenditure for 2006 was 2,563 billion Riels or 13.4% of GDP, represents a 31.1% increase compared with 2005. Of which compensation of employee increased by 19.1%, use of goods and services increased by 31.7% and expense on social benefit increased by 23.5%.

Acquisition of non-financial assets

Net acquisition of non-financial assets for 2006 was 930.8 billion riels, compared to 557.1 billion riels in 2005. Acquisition of fixed assets increased from 699.6 billion riels in 2005 to 958.2 billion riels in 2006, but disposals fixed assets decreased sharply down from 142.4 billion riels in 2005 to 27.4 billion riels in 2006.

Balances

The gross operating balance was 835.3 billion riels in 2006, that was lower compared to 1,175 billion riels in 2005. Overall, Net lending/borrowing was -95.4 billion riels, compared to 618 billion riels in 2005.