Budget

The fiscal 2020 budget bill is expected to receive parliamentary approval early next year as the coalition government has sufficient votes from lawmakers to pass the bill, says Kobsak Pootrakool, the Prime Minister’s Office Minister.“I am confident the government will be able to pass the ...

The House has reversed a decision to cut 63.7% or 8 billion baht from the annual budget requested to fund science, research and innovation.The House committee vetting the government’s 2020 budget bill was convinced by the Ministry of Higher Education Science Research and Innovation’s appeal ...

The government vows to cap the ratio of public debt to GDP at 50% in the medium-term fiscal plan for 2021-24.The Monetary and Fiscal Policy Committee, chaired by Prime Minister Prayut Chan-o-cha, on Thursday approved the medium-term fiscal policy framework as required by the Fiscal ...

In a few months’ time, the current Thai government’s position could be hanging in the balance. This is thanks to the country’s 3.2-trillion-baht (US$105.6 billion) fiscal 2020 budget which will have its third reading on 9 January next year. The 2020 fiscal year began on 1 ...

The opposition attacked government spending plans for favouring the Defence Ministry and imposing “ineffective” economic stimulus measures, as three days of debate on the budget bill began in the House on Thursday.Prime Minister Prayut Chan-o-cha defended the budget in its first reading, insisting national security ...

The government and opposition parties will have separate meetings on Tuesday as they gear up for Thursday’s debate on the 3.2-trillion-baht budget bill for the fiscal year 2020.The vote on the budget bill will be a high-stakes battle between the Phalang Pracharath Party (PPRP)-led coalition ...

The government plans to allocate Bt17 billion for development of the Eastern Economic Corridor (EEC) in fiscal 2020, as it wants to speed up investment in the region, especially in transport.Kobsak Pootrakool, deputy secretary-general to Prime Minister General Prayut Chan-o-cha, said the government is applying ...

Confusion appears to reign supreme over the budget for the universal healthcare or 30-baht card scheme. Activists have complained that the Prayut Chan-o-cha government, which is about to go on a heavy spending spree on populist policies, is excluding sick people who depend on the ...

Public investment budget disbursement has surpassed the target by three percentage points for the 10 months through July, according to the Comptroller-General’s Department.From October 2018 to July this year, state agencies have taken out 442 billion baht of the 553 billion in the investment budget ...

The Bangkok Metropolitan Administration will use the budget it has requested for the upcoming fiscal year to improve five key aspects of people’s lives in the capital, says Bangkok governor Aswin Kwanmuang.“These key areas are cleanliness, convenience, safety, quality of life, as well as self-sufficiency,” ...