The Cambodian National Election Committee (NEC) declared Tuesday the ruling Cambodian People's Party (CPP) has secured 90 seats, or over two thirds of the 123 seats, at top legislative body in the general election, thus enabling CPP to have stronger management of the country.

Meanwhile, the main opposition Sam Rainsy Party (SRP) won 26 seats and the Human Rights Party (HRP) received three seats, and the Funcinpec Party and the Norodom Ranariddh Party (NRP) got two seats each, according to official results declared by NEC on Tuesday.

The first meeting of Cambodia's new parliament is scheduled for Sept. 24, ahead of forming the new government.

"The CPP's dominance will secure peace and stability in Cambodia, which is very precious for the country and its people," said local economic analyst David Phat, who was born here and endured the war-torn years of Cambodia.

Phat said that primarily, continued governance by CPP can guarantee policy sustainability in its upcoming term, adding that the party in its current term has pursed political stability for the sake of economic development, and regional coordination for the sake of international cooperation.

"Political stability can lead to economic prosperity," he told Xinhua.

Under the CPP governance, the Cambodian economy is expected to remain nearly double-digit growth rate and the per capita GDP will probably top 1,000 U.S. dollars by 2014, he added.

Pen Samitthy, editor-in-chief of the country's largest Khmer-language daily newspaper the Rasmei Kampuchea, agreed that the political and economic situation will be further improved as CPP establishes the new government right after the general election.

"CPP will enjoy a larger space and better conditions, so it can lead the government more efficiently," he told Xinhua.

According to the Constitution, the party winning majority of the seats at the National Assembly will establish the government. Law can be passed with support from 50 percent plus one seat at the National Assembly.