19/10/2010
vsointernational.org
News that the Cambodian government is set to spend more money on health and education next year should be welcomed.
This is the view of Steve Finch of the Phnom Penh Post, who reports that although specific details of the 2011 budget are yet to be revealed, the planned 18 per cent rise in spending "represents good news for the economy in an age of global fiscal austerity".
Finance minister Keat Chhon (pictured) reported that a large proportion of this increase would go towards education, infrastructure and health, something Mr Finch states is "reassuring".
Stating education has been under-funded for a significant period of time, the writer reports that increasing spending on this area "should be considered a priority", although expenditure is deemed to remain significantly below that of many other countries.
In comments made last month, Australian foreign minister Kevin Rudd noted that improving literacy rates among people in Asia and Africa can play a crucial role in the fight against poverty and help developing countries to achieve economic stability.
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