Budget

The government will borrow 1.5 trillion baht next year to counter the economic impact from the coronavirus pandemic amid dwindling state revenue.A cabinet meeting chaired by Prime Minister Prayut Chan-o-cha on Tuesday approved borrowing of 1.47 trillion baht in the fiscal year starting Oct 1, ...

The 2021 government budget has been cut by about 14 billion baht. However, more has been allocated to education, public health, interior and justice agencies.Deputy Finance Minister Santi Promphat, the chairman of an ad-hoc committee reviewing the draft of the 2021 budget appropriation bill, said ...

Disbursement of fiscal 2021 budget is expected to be deferred by only a month and will not affect public investment, says finance permanent secretary Prasong Poontaneat.Deferment of the law on fiscal 2021 budget from Oct 1 will have no impact on public investment, Mr Prasong ...

The Cabinet on 25 August 2020 approved a budget of one billion baht for the National Vaccine Institute in order to increase Thailand’s potential for COVID-19 vaccine production, following a proposal by the Ministry of Public Health.The National Vaccine Institute has been working with several ...

Thailand’s cabinet on Tuesday approved a 214 billion baht ($6.87 billion) borrowing plan for a revenue shortfall in the current fiscal year to September, due to the impacts of the coronavirus pandemic, a government official said.The borrowing is part of an adjusted debt management plan ...

Thailand’s increased public debt, attributed to borrowing to sustain economic conditions during the pandemic, remains below the average rate seen in emerging markets, says the Public Debt Management Office.PDMO director-general Patricia Mongkhonvanit said the IMF reported that global public debt has risen by 20% on ...

The National Economic and Social Development Council (NESDC) has revealed that the NESDC office has received proposals for 28,331 projects, worth some 370 billion baht from government agencies.Keep watching ...

The government is able to borrow an additional 100 billion baht to offset a budget deficit if state revenue collection for fiscal 2021 misses its target, says the Budget Bureau.If the coronavirus outbreak is still battering the economy and causes a shortfall in state revenue ...

The government is set to appropriate 10% of the fiscal 2020 budgets of each ministry for a central fund to fight the pandemic and rehabilitate the economy.The plan is part of a third round of government measures to stem the impact of the outbreak. These ...

The Finance Ministry is preparing the third phase of the government’s Covid-19 relief package to support people, small-and-medium enterprises and financial institutions as the country grapples with the virus crisis.Finance Minister Uttama Savanayana said on Monday the third-phase package will be larger than the first- ...