PHNOM PENH: The Royal Government of Cambodia has planned to raise funds through government bond issuance with a total of $108 million in 2024.

The funds raised from the government bonds will be used for financing infrastructure expenses and paying principal and interest on the bonds issued in the previous year, according to the Ministry of Economy and Finance's draft national budget law 2024.

This is the second year of government securities issuance. In 2023, the Royal Government plans to raise $200 million from bonds, which can bring it direct revenues, and ensure investment efficiency and sustainability of debt management and the national budget.

The Royal Government issued bonds worth $300 million for the first time in 2022.