Phnom Penh: Press Conference on Government Measures Previously issued in response to the crisis of Kuwait-19 in the morning of 08 July 2020 The Secretary of State for the Ministry of Economy and Finance, Vongsey Visoth, said that in relation to foreign loans used to develop Cambodia. There is less borrowing from foreign countries.
He added that since we are in debt, we are only borrowing now, we are OK with borrowing. Loans are not being borrowed, people are begging for loans, we are not used to debt, our debt is low, so we still have a way to go Borrow.
However, excessive borrowing does not solve the problem that requires a sharp and consistent spending. As a matter of procedure, the effective use of all loans and public resources.By: Columbus