The new budget projects a rise of 9.3 per cent in spending and a drop of 0.3 per cent in the budget deficit. Read more at straitstimes.com.
BANGKOK - Thailand’s new Cabinet approved on Monday higher budget spending of 3.48 trillion baht for fiscal year 2024, along with a larger budget deficit of 693 billion baht, its deputy finance minister said on Monday.
The revised budget is higher than that approved by the previous government, which projected spending of 3.35 trillion baht and a deficit of 593 billion baht. The 2024 budget process had been on hold until the new government took over, three months after the May election. The new budget is in line with current economic conditions and fiscal discipline, government spokesman Chai Wacharonke told a briefing.
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