Fiscal Balance Forecast of Cambodia 2007-2011
- Fiscal Balance Forecast of Cambodia 2007-2011
- Yoo, Ilho
- Tax Revenue; Fiscal Expenditure; Budget Deficit; Revenue Elasticity
- Issue Date
- Series/Report no.
- KDI Working Paper Series;06-07
- In this paper, we attempt to forecast the fiscal balance of Cambodia in years
2007-2011, based on the revenue and expenditure data since the political
stabilization which started in 1993. Major tool for the analysis is OLS, and
the huge deficit is forecasted. To cover the deficit, Cambodian government
should issue government bond, which is not an easy task considering the
development stage of her bond markets. A few policy recommendations on
its development will be given.
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