Government
Budget
Cabinet approves 3.48tn budget bill for fiscal 2024
The Cabinet on Tuesday approved the fiscal 2024 expenditure budget bill with planned government spending of 3.48 trillion baht, Prime Minister Srettha Thavisin announced.Speaking to reporters after the weekly Cabinet meeting, Srettha said the budget bill and attached documents had been scrutinised by the Office ...
The Nation Reporter
Debt to grow as govt sets 5-year financial plan
The government has approved a mid-term financial plan for fiscal 2024-2029 with estimated average gross domestic product (GDP) growth at 5.3% annually, said a news source familiar with the matter on Thursday.The plan was approved at a meeting on Thursday at the Ministry of Finance ...
The Nation Reporter
Thailand's $98 billion 2024 budget to be delayed over election
Thailand’s 3.35 trillion baht ($98.38 billion) budget for the 2024 fiscal year starting in October could be delayed by four or five months, the Budget Bureau said on Thursday, as the Southeast Asian country heads to an election set for May.The budget is needed to ...
BOT backs budget bill in meeting with lawmakers’ panel
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 Nation Reporter
State urged to accelerate fiscal 2022 spending
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 ...
Bangkok Post Reporter
State spending targets laid out for fiscal 2023
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 ...
Bangkok Post Reporter
Department set to amp up state spending
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 ...
Wichit Chantanusornsiri
New savings bonds in Q2
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 ...
Wichit Chantanusornsiri
Cabinet approves THB1.3 trillion borrowing next year
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 ...
The Nation Reporter
Parliament set to debate budget bill
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 ...
Bangkok Post Reporter