The Prime Minister urged government agencies to use the 2024 budget, aiming to maintain financial and fiscal discipline, using budgets without duplication. Request to cut unnecessary budget Aiming to increase wages to 400 baht/day in the first period. The Budget Office recommends creating twin budgets for 2024 and 2025 to accelerate the recovery of the Thai economy.
Mr. Settha Thavisin, Prime Minister and Minister of Finance Said while giving the policy for preparing the annual budget for 2024 that after Thailand faced the problem of COVID-19 As a result, the Thai economy has not yet fully recovered. The recovery was not evenly distributed among all groups. There are problems with household debt and drugs from challenges. The government will cooperate with all sectors and the private sector. The Prime Minister therefore urges government agencies to adhere to 5 main points in order to present a budget plan to submit to the Budget Office within 6 October 2024 in order to spend the annual budget for 2024 in the amount of 3.48 trillion baht.
Consisting of 1. Preparing a budget plan to support the policy and making a statement to the House of Representatives. Therefore, the budget must be prepared in line with government policy. 2. Ask government agencies Create an integrated framework Not overlapping in many departments to do the same project 3. Using the budget efficiently that is urgently needed By maintaining financial and fiscal discipline. 4. Preparation of indicators. Evaluate the use of the budget, not pounding the river with chili paste. If the project is not necessary, please cancel it first. 5. In spending on every project, please focus on maintaining fiscal discipline. Both budget and expenditure and money outside the budget To create a plan to use the budget efficiently Therefore, I would like to ask all agencies Use the budget efficiently, use the AI system to help reduce the problem of waiting in queues for a long time. Eliminate officials from accepting bribes from the public. Increasing public service technology Aiming to make the country’s GDP expand by 5 percent, aiming to raise wages to 600 baht by 2027 so that everyone has good welfare. If the old policy is good then continue doing it. Focus on listening to the public’s opinions The government therefore aims to move forward with 3 urgent measures. by restoring income through injecting money into the system With a digital wallet of 560 billion baht to replenish the purchasing power of the people, causing manufacturers and entrepreneurs to recover. Revolving spending in the community In order for all parts to benefit from spending after the Cabinet sets up a committee. Providing a source of digital money Will rush to make progress quickly. Definitely confirm using digital money in February 2024.
tourism Rehabilitate both domestic and foreign tourists. The government is ready to consider visa exemptions for additional countries. and find other measures Come help develop tourist attractions continuously. Going out on roadshows to invite foreigners to travel and invest in Thailand Study for measures to further reduce the burden of energy costs. Moving forward with registration for farmers’ debt suspension for a period of 3 years, targeting 2.7 million households. For small businesses, the debt amount does not exceed 300,000 baht per individual, leading to an increase in wages of 400 baht per day in the medium term. Focus on using the market to bring additional innovations to increase income
In the long term, focus on creating income, expanding opportunities, and taking care of the quality of life for all parties. Aiming at creating stable income in the agricultural sector opening international trade Promote economic zones by suspending debt, using cultivation policies, improving soil, and precision agriculture. The goal is to increase agriculture 3 times within 4 years. Must look at supply and demand appropriately, look at costs and prices, create systematic knowledge. advance agricultural promotion Make the agricultural sector work from selling produce Promoting green industry Thai startups To find a matching fund to help replenish capital for SME startups so that they have a source of revolving capital to grow into a unicorn in the future. product development Let the Thai private sector grow in times of global Moving forward with FTA negotiations Because many countries are interested in expanding investment. The government therefore hastened to negotiate an FTA. The entire EU and Middle East groups support foreign trade. Change methods of proactive diplomacy to declare that “Thailand is now open,” adhering to the neutral pole with the superpowers on the world stage.
In terms of infrastructure development, water, rail, and air systems, it is done strategically, such as airports being the front of tourism. Expanded to accommodate tourists from main and secondary cities. Aiming to promote tourism throughout the year. along with the development of the rail system Freight trains spread throughout the region. Aimed at reducing cost burden Aiming at developing arable land for small-scale farmers to have the right to farm. Have possession documents through the occupying army educational focus Promote a love of reading Adjust the curriculum to be up-to-date and promote Soft Power. Push the Thai economy Then, it will give Thailand the potential to adjust wages to 600 baht per day, bachelor’s degree salaries to 25,000 baht per month, and seriously deal with drug problems. Deal with influencers Set a reward for those who give clues. Request that all agencies help prevent natural disasters and floods and take care of them thoroughly. Many projects are under the integrated plan, no flooding, no drought, using weirs to block water. underground water bank Moving forward to solve the MP 2 dust problem. 5 steps to reduce environmental problems Global warming problems in 2050, use of digital health care Connect to database Medical treatment near home Every project must be driven by a budget. Therefore, we must work together to manage the use of the budget efficiently.
Mr. Chalermphon Pensutta, Director of the Budget Office, said that the fiscal year 2024 budget has a budget of 3.48 trillion baht, projected revenue of 2.78 trillion baht, and a budget deficit of 690 billion baht. Therefore, he asked government agencies to adhere to the principles. Respond to government policy in the short term, medium term, and long term. Generating income through the principle of “leading markets, supplementing innovation, increasing income.” The Budget Office will adjust the budget to be consistent with government policy. Currently, the total budget request is 5.3 trillion baht, higher than the government’s budget budget of 3.48 trillion baht. Therefore, the Budget Bureau has to cut the budget by more than 2 trillion baht. It is accepted that the 2024 investment budget will be released into the system in April. 67 If you are confident that the procurement process will be successful To expedite investment plan proposals Therefore, we ask government agencies to be prepared. To disburse the investment budget into the system as quickly as possible.
Tomorrow (3 Oct.) the Budget Office Prepare to present at the meeting The Cabinet considers preparing a binding budget for 2023 worth more than 1,000 million baht for approximately 40 projects to prepare for procurement and investment plans when the budget is approved. will be able to expedite investment funds into the system Budget Bureau It also asks all government agencies to prepare a budget plan for 2024 along with the budget for 2025, because the budget framework for 2024 is very delayed. When it comes to October every year, every government agency. You must prepare an expenditure budget plan for next year. During this time, please prepare to prepare an expenditure budget for 2025, especially the preparation of the center base budget. To evaluate the success of investment projects.
Source: Thai News Agency