Fiscal Balance in Cambodia
Cambodia - Fiscal BalanceEconomic growth has likely been brisk so far this year thanks to strong fixed investment, private consumption and tourism inflows. In H1, total visitor arrivals were up 11% year-on-year, driven by soaring Chinese tourist numbers—underlining Cambodia’s ever-closer relationship with Beijing. In addition, total credit was up by roughly a quarter in annual terms in the first three months of the year according to the most recent Central Bank data, boding well for domestic demand. Moreover, the construction sector—fueled by Chinese capital—saw approved investment rise sharply in the first half; however, this is also generating concerns over credit quality and a possible rise in non-performing loans. Meanwhile, in politics, in August the government announced a reduction in public holiday numbers to boost output and competitiveness.
Cambodia - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-2.6||-1.6||-1.3||-1.4||-1.1|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||4,068||0.05 %||Sep 04|
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