PHNOM PENH, Nov. 27 (Xinhua) -- The National Assembly of Cambodia on Wednesday approved the draft budget of 37,950 billion riels (about 9.32 billion U.S. dollars) for the government spending in 2025, down from 9.54 billion dollars in 2024.

A total of 102 lawmakers, who were present at the parliamentary session, unanimously passed the draft bill.

Speaking during the assembly session, Economy and Finance Minister Aun Pornmoniroth said the budget next year is equal to 18.14 percent of the country's gross domestic product (GDP).

"Cambodia's economy is forecast to grow by 6.3 percent in 2025, pushing up the nation's GDP to 209,163 billion riels, or about 51.39 billion U.S. dollars," he said.

Pornmoniroth, who is also a deputy prime minister, said the GDP per capita was projected to hit 2,924 dollars in 2025.

According to the budget bill, to meet the 2025 expenditure, the government has planned to borrow 2 billion SDR (Special Drawing Right), or around 2.6 billion dollars, from friendly countries and development partners as well as to raise more funds from sovereign bond issuance. Enditem

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