The government has drafted a “Social Welfare System Bill” to ensure minimum standards of well-being and reduce economic and financial vulnerabilities.
The bill aims to strengthen people’s income security and promote social equality through the creation and management of social protection initiatives that promote inclusive, scalable and sustainable financial systems.
Ros Seilava, chairman of the executive committee of the National Social Welfare Board, hosted a July 1 seminar on the document via video link.
Seilava, who is also secretary of state in the Ministry of Economy and Finance, told the seminar that the government recognizes that the development of social protection systems plays a very important role in ensuring the financial well-being of the Cambodian people. .
And the National Social Protection Policy Framework 2016-2025 is key to increasing access to services, coverage of national assistance programs and social security for civil servants in the public and private sectors, he said.
He pointed out that the current version of the project is in line with the government’s vision to transform the Kingdom from a lower middle income country into an upper middle income country by 2030, and a high income country by 2050. .
In its current form, the bill consists of 10 chapters and 91 articles.
Seilava said, “To ensure people’s income security, the government has set out a long-term vision for the development of social protection systems, which serves as a tool to reduce and prevent poverty, vulnerability and social inequalities. .
Hong Vanak, director of international economics at the Royal Academy of Cambodia, said the law would provide the significant benefit of minimizing potential risks, such as epidemics or even epidemics, natural disasters or other cases. force majeure.
“I think all of this will focus on spending the state budget in a balanced way, between revenue and expenditure, for the relief of potential risks.
“And that [the law] can also cover all state expenses involved in emergency relief for vulnerable entities – like corporations, small and medium enterprises – this law is made to protect them all,” he said.
And with the situation surrounding the February 20 community outbreak of the novel coronavirus reaching alarming levels, placing increasing pressure on socio-economic systems, the government recently released a ninth round of economic relief measures for the private sector, to help stabilize severely affected countries. businesses.
During the third quarter of this year, the government will continue to provide $40 per month to workers in the textile, garment, footwear, travel goods and tourism sectors under its distribution program of money in the midst of the pandemic.
Plant owners must add $30 to the document, bringing the total payout to $70. On the other hand, employers in the tourism sector are encouraged to voluntarily provide as much money as possible.
The government will also expand the cash distribution program to poor and vulnerable people affected by Covid-19, for July-September.