Joint Statement on the Position of Civil Societies on Fighting Against Corruption during the Nation
Tuesday, 01 April 2014 | Administrator

Phnom Penh, 24th March, 2014The Affiliate Network for Social Accountability-East Asia and the Pacific (ANSA-EAP), Coalition for Integrity and Social Accountability (CISA) and Khmer Institute for National Development (KIND) are appreciated the speech of chairman of Anti-Corruption Unit (ACU), that open the door for Civil Societies Organization (CSO) and private sectors to monitor the irregularities (bribery/corruption) during the national examination in the academic school year, 2014.
+ Full Story

Why debt sustains corruption in Greece and vice versa
Tuesday, 28 July 2015 | World Economic Forum

Corruption is typically unobserved in formal data, so it is difficult to document its extent. Since the work of Schattschneider (1935), theories of rent seeking and corrupt legislative bargaining – further developed by Ferejohn (1986) and Persson (1998), and outlined in the book by Persson and Tabellini (2000) – link up the observable effects of corruption to rent-extraction mechanisms.
+ Full Story

Another Articles
Cambodia Needs to Reform Public Finances, Report Says
Wednesday, 16 April 2014 , Written by « The Cambodia Daily »   

By George Styllis and Hul Reaksmey

Cambodia urgently needs public finance reform to address its persistent budget deficit, which is caused by one of the lowest tax revenues in the developing world, according to a report from the Deloitte University Press.

The March edition of the press’ quarterly Asia Pacific Economic Outlook says total tax revenues last year were $881 million, just above five percent of gross domestic product (GDP).

“This figure is much below corresponding levels in developing- and emerging-economy peers and is the main cause of persistent budget deficits,” the report says.

Given the need for the country to spend more on sectors such as health, education and infrastructure, the current tax system is untenable, it adds.

Although the Deloitte report did not provide comparative re­gional figures for tax revenue to GDP ratio, the Organization for Economic Cooperation and De­velop­ment (OECD) noted in a 2013 report that Cambodia was among Southeast Asia’s least efficient tax collectors.

“The tax ratios vary considerably across Southeast Asia, with the ratios for Cambodia, Lao PDR, Indonesia and the Philippines being roughly two-thirds that for Thailand and about half that of Vietnam, the country with the highest ratio,” the OECD said.

The Deloitte report goes on to say that Cambodia’s public finances need to be more transparent.

“In the budget for 2014, more than $1.5 billion of funds remain unallocated or are placed under ‘miscellaneous’ expenses. Critics allege that this nebulous allotment encourages corruption, something on which Cambodia rates high.”

Vongsey Vissoth, a secretary of state at the Ministry of Finance, dismissed the findings in the report, saying the tax-to-GDP ratio is higher than five percent, but declining to give an alternate estimate.

Mr. Vissoth added that the government is working to increase the ratio by 0.5 percent year on year, noting recent efforts to more strictly enforce customs tax collection.

“This evaluation is not correct. On the contrary, our tax revenue grows from year to year,” he said.

Regarding a lack of transparency in the allocation of the budget, Mr. Vissoth said the government has made an effort to spend more efficiently on prioritized sectors, including education and health.

“We are strict on curbing lavish expenditures and try to focus spending on the main targets,” he said. “This is our objective to reform public finances.”

Srey Chanthy, an independent economist, said the low tax revenue was causing the government to take on increasing foreign debt to make up for budget shortfalls.

“The result is we can’t finance public services and projects and we have to keep borrowing from multinational sources.”

From: The Cambodia Daily 

 
< Prev   Next >
Visits today: 0
Visits total: 0
Pages total: 1183889
Data since: 2013-08-20
Totals Top 5
0 visits from 102 countries