Officials from the Ministry of Economy and Finance have said that Cambodia can continue to borrow more money from abroad

Mr. Hav Ratanak, government delegate to the Director-General of the General Department of Budget, said that if Cambodia wants to develop faster Moreover, the government can borrow more foreign money than it is now. He added that current debt can not be decadent and that any country in the world should borrow money to develop the country.The official said the current debt accounted for 33 percent of gross domestic product (GDP) and Cambodia can borrow at least 40 percent of its GDP.As of the end of 2017, Cambodia has about $ 7 billion in public debt in the country, and by 2018 Could reach about $ 7.8 billion. According to the Ministry of Economy and Finance. Those loans borrowed from China, Japan, Korea and other multilateral parties.Vongsey Vibhot, secretary of state at the Ministry of Economy and Finance, said that Cambodia would not dare to borrow more than today, There are more possibilities available to borrow. He added that this is a preventive measure to curb Cambodia's crisis and if Cambodia is in crisis, Space remains to take away loans from abroad to curb the crisis.

Chan Sophal, a Cambodian economist who attended the January 15th MEF forum, commented. He wants the Cambodian government to borrow more money from abroad, because of the potential repayment potential. He added that Cambodia now needs more investment as Cambodia lacks infrastructure as well as water services. As well.According to the Ministry of Economy to Manage Public Debt, the government has adopted four principles: lending credits in proportion to the economic strength of the loan. Strong prospects for priority sectors and credit utilization with transparency and accountability.