Economy

Chapter V Economy

Article 56: Market Economy

The Kingdom of Cambodia adopts a market economy system. The preparation and process of this economic system is determined by law.

Article 57: Taxation, Budget, Finances

1. Tax collection must be in accordance with the law. The national budget is determined by law.

2. The management of the monetary and financial system is defined by law.

Article 58: State Property

1. State property notably comprises land, mineral resources, mountains, sea, underwater, continental shelf, coastline, airspace, islands, rivers, canals, streams, lakes, forests, natural resources, economic and cultural centers, bases for national defense and other facilities determined as State property.

2. The control, use and management of State properties is determined by law.

Article 59: Environmental Protection

The State protects the environment and balances of abundant natural resources and establishes a precise plan of management of land, water, air, wind geology, ecological system, mines, energy, petrol, and gas, rocks and sand, gems, forests and fores trial products, wildlife, fish, and aquatic resources.

Article 60: Production

Khmer citizens have the right to sell their own products. The obligation to sell products to the State, or the temporary use of State of properties is prohibited unless authorized by law under special circumstances.

Article 61: Economic Development

The State promotes economic development in all sectors and remote areas, especially in agriculture, handicrafts industry, with attention to policies of water, electricity, roads, and means of transport, modern technology, and a system of credit.

Article 62: Economic Goals

The State pays attention and helps solve production matters, protect the price of products for farmers and crofters, and find marketplace for them to sell their products.

Article 63: Market Management

The State respects market management in order to guarantee a better standard of living for the people.