Phnom Penh:Cambodia's 2027 draft national budget was approved by the Council of Ministers this morning, focusing on safeguarding national sovereignty, maintaining stability, and supporting economic growth amid global uncertainties.

According to Agence Kampuchea Presse, the total expenditure under the 2027 national budget is set at KHR 39,700 billion, equivalent to 16.57 percent of the gross domestic product (GDP), marking an increase of 3.2 percent compared to the 2026 Financial Management Law.

The budget outlines that expenditure for sub-national administrations is projected at KHR 5,068 billion, accounting for 11.9 percent of total state budget expenditure, or 2.12 percent of GDP. On the revenue side, the Royal Government anticipates total national budget revenue to reach KHR 32,327 billion, equivalent to 13.49 percent of GDP, reflecting an increase of 6.7 percent compared with the 2026 Financial Management Law. Revenue for sub-national administrations is estimated at KHR 2,819 billion, representing 8 percent of total state budget revenue, or 1.18 percent of GDP.

The budget framework projects Cambodia's economy to grow by approximately 4.0 percent in 2026, accelerating to 4.8 percent in 2027. GDP per capita is expected to rise to US$3,277 in 2027, up from approximately US$3,098 in 2026. Key sectors driving this growth include industry, services, and agriculture, with notable contributions from garment manufacturing, hospitality, and crop production.

The national budget reflects the Royal Government's commitment to maintaining macroeconomic stability, protecting livelihoods, and ensuring fiscal sustainability in the face of global challenges.