Wednesday, November 28, 2012

Cambodia to allocate $400m to defence and security

 News Desk
Rasmei Kampuchea Daily
Publication Date : 28-11-2012

The Cambodian government will allocate US$400 million to defence and security spending next year, amounting to 22 per cent of expenditure and 2.5 per cent of gross domestic product.

Finance Minister Keat Chhon said defence and security spending needed to be kept below 3.0 per cent of GDP.
Among other items, health spending is targeted at US$225 million next year while education spending is expected to reach US$280 million.

Defence Minister Tea Banh said earlier this month that Cambodia had bought 100 tanks and armoured vehicles from Eastern Europe to improve the nation's military capacity.

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