Phnom Penh (FN), Aug. 22 – Cambodian President of the Senate Samdech Techo Hun Sen stated that today, 22 August 2024, marks one year anniversary of the new Royal Government.
Samdech Techo wrote on his social media on Thursday (Aug. 22) as follows:
“(If you want to learn to swim jump into the water remains true). whereas the proverb (the young can walk faster but the elder knows the road) seems no longer fit with the current situation and shall be changed to (the young can walk fast and know the road and the elder has experience).
Today, 22 August 2024, marks one year anniversary of the new generation taking the wheel of Cambodia’s navigation and with the departure of the U.90, U.80, and U.70, referring to those aged over 80, over 70 and near 70.
A new generation leads with great energy and responsibility with some key points to note:
1. Maintained peace, political stability, security, and social order.
2. Maintained macroeconomic stability, preventing inflation and strong purchasing power of the Riel currency.
3. Ensured continued economic growth despite challenges in the regional and global economy.
4. Secured national income, especially maintaining cash flow in the National Treasury to cover current expense despite increased demands, such as increased payrolls for civil servants and armed forces and giving out cash to support citizens.
From my own experience, cash for payroll and other essential expenses is critical for any government.
Other senior leaders and I have left the new generation with sufficient cash to cover for many months and the new government does not dissave; they strive to mobilise income to meet the increased expenses while keeping the treasury's cash reserves intact.
I have passed on the responsibility in the executive field following 44 years of my leadership, including over 38 years as prime minister, and now it’s time for me to take care of my health at the age of 72. Today's tasks are about 50% compared to tasks during my prime ministership.
The proverb the young can walk faster but the elder knows the road shall be changed because some elders like the extremist opposition leaders always led youth astray.”
=FRESH NEWS
