Published on May 16, 2006
By: CHAK Sopheap
It was good news that the National assembly approved the national development planning strategy for 2006-2010, in which the main objectives are to reduce the poverty rate to fall to 25% and to lower the unemployment rate to less than four percent. (Development Planning Strategy Approved by NA," May 10, page 16)
However, I have doubts about the optimism raised by the CPP lawmaker Cheam Yeap, saying that "optimism attracts needed foreign funding". Also, "We should not be ashamed. The more [money], we can borrow, the better," he said.How will the economy grow under huge public debt? Is the government attempting to find any strategy to reduce debt rather than striving for more?