Cambodia’s Council of Ministers have dubbed the 2027 national budget one which will “protect sovereignty and territorial integrity, stabilise people’s livelihoods and support targeted growth amid heightened uncertainty, while ensuring an adequate response capacity and sustainable public finances”.
The council met today, October 23. In a same-day statement, it announced that national revenue for next year is projected at 32.327 trillion riel (approximately $8 billion), equivalent to 13.49% of gross domestic product (GDP). The figure would mark a 6.7% increase over the 2026 projections.
Revenue from sub-national administrations is projected at 2.819 trillion riel (more than $700 million), accounting for 8% of total state revenue, or 1.18% of GDP.
The government projects economic growth of approximately 4% in 2026 and 4.8% in 2027. GDP per capita is expected to reach $3,277 in 2027, up from approximately $3,098 in 2026.
The statement noted that Cambodia’s economic growth in 2027 would be supported by key growth-driving sectors and subsectors, including industry, particularly garment manufacturing, non-garment manufacturing, food and beverage production, and tobacco; services, including accommodation and food services, wholesale and retail trade, transportation and storage, and information and communications technology; and agriculture, including crops, livestock and fisheries.
The government said the strategic direction of the 2027 national budget aimed to keep total expenditure at 39.7 trillion riel (nearly $10 billion), equivalent to 16.57% of GDP, a 3.2% increase from the figures included in the 2026 financial law.
Expenditure by sub-national administrations is projected at 5.068 trillion riel (approximately $1.26 billion), accounting for 11.9% of total state budget expenditure, or 2.12% of GDP.
The government noted that the total expenditure envelope for sub-national administrations would reach 7.955 trillion riel (nearly $2 billion), equivalent to 18.7% of total state budget expenditure, or 3.32% of GDP, when allocations for health departments under provincial and capital administrations are included.
These allocations cover the conditional transfer of health-sector functions to provincial and capital administrations, as well as for the conditional transfer of functions in the education sector.