France will support the budget and accounting reform in Cambodia
For 12 months, a resident expert from the French General Directorate of Public Finances (DGFiP) and a team of short-term experts will support the revision of the legislative and regulatory framework for budget and accounting management, as well as the modernisation of public accounting, in the context of a project initiated via the bilateral exchanges between MEF and DGFIP.
Since 2004, the Cambodian Government has been implementing a major public finance management reform program (PRGFP) in order to modernise financial governance based on international best practices. A new budget system reform strategy has been adopted for 2018-2025: it makes an assessment of the implementation of PRGFP and defines the main strategic directions.
The Government has opted for a performance-informed budget process, like the LOLF reform in France. This will make it possible to establish new rules for the formulation and implementation of the budget, moving from a means-based approach to a results-based approach in order to improve the effectiveness of public policies.