Bangkok: 3 Jan. 2024 Today’s meeting of the House of Representatives is the first day of consideration of the draft budget bill for fiscal year 2024 that was presented by the Cabinet in the first session by Mr. Settha Thavisin, Prime Minister and Minister of Finance. Presenting a draft budget bill for the fiscal year 2024 with a budget of 3,480,000 million baht, with a central budget of over 606,000 million baht, which will come from revenues expected to be collected 2,787,000 million baht and borrowing to compensate for the deficit of 693,000 million baht, along with stated that although this year’s budget expenditures will increase by 9.3 percent compared to last year But the government will be able to collect more than 11.9 percent more revenue, allowing it to allocate more than 717,722.2 million baht to investment, an increase of more than 4.1 percent, and be able to repay the treasury and repay the principal of more than 118,361.1 million baht of loans. This will prepare the government for more investmen
t in the medium and long term in fiscal year 2025.
In this regard, managing all of these budget expenditures will be the starting point for implementing policies both in the short term and in the long term. The government will proceed in accordance with the state’s financial and fiscal discipline framework. Spend taxpayers’ money in the most efficient way possible. With the goal of curing suffering, promoting happiness, and investing to create growth of the country both in the short and long term. and according to the law
Source: Thai News Agency