Budget

The Bank of Thailand (BOT) has told a committee of lawmakers to consider the fiscal 2023 budget bill as the country’s economy is showing steady improvement and the trend was likely to continue in 2023.The BOT cited major contributions to the economic recovery from increasing ...

The government is advised to speed up state expenditure in fiscal 2022 to lift the economy, which is trapped by rising energy prices and the impact of persistent Covid-19 outbreaks.Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), said the Russia-Ukraine crisis ...

The government is planning a fiscal 2023 budget worth 3.185 trillion baht, with a deficit of 695 billion baht for the fiscal year, which starts next October.According to Chalermphol Pensoot, director of the Budget Bureau, the budget was approved at yesterday’s meeting between Prime Minister ...

The Comptroller-General’s Department plans to accelerate state spending in fiscal 2022 to meet spending targets because it is a key tool to drive economic growth, says director-general Kulaya Tantitemit.The department expects to present the state budget disbursement plan for fiscal 2022 for cabinet approval soon.According ...

The Public Debt Management Office (PDMO) is expected to issue another batch of government savings bonds, worth 70 billion baht, in the second quarter of next year to satisfy high demand, says director-general Patricia Mongkhonvanit.The PDMO plans to offer total savings bonds worth 150 billion ...

The Cabinet on Tuesday approved fresh borrowing of 1.344 trillion baht for the new fiscal year, which starts next month.The new borrowing comes under the Cabinet-approved debt management plan. The plan includes 1.5 trillion baht already borrowed by the government plus a 2022 repayment plan ...

House Speaker Chuan Leekpai says parliament will convene on Aug 18-20 to deliberate the budget bill for the 2022 fiscal year, despite the Covid-19 pandemic.He and Senate Speaker Pornpetch Wichitcholchai agreed that parliament would postpone its meetings scheduled for this week and Aug 4-5 due ...

The government plans to increase its investment budget by 90 billion baht in fiscal 2022, in compliance with a law related to state financial and fiscal discipline, says Dechapiwat Na Songkhla, director of the Budget Bureau.The House of Representatives is scrutinising the fiscal 2022 budget, ...

Parliament on Wednesday started debating a bill to allow the government to borrow an additional 500 billion baht to help deal with the country’s latest and biggest coronavirus outbreak.The economy is expected to grow only 1.5%-2.5% this year after last year’s 6.1% slump, with tourism ...

The Finance Ministry is preparing to seek the Cabinet’s approval for additional funding for the Rao Chana (We Win) scheme following the better than expected number of registrants.Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the number of registrants exceeded the target of 31 million ...