PM Prayut orders government agencies to speed up budget disbursement

[webfact]

PM Prayut orders government agencies to speed up budget disbursement

 

   

BANGKOK (NNT) - Even though House committees are still scrutinizing the 2020 budget bill, the Prime Minister and Defense Minister, Gen Prayut Chan-o-cha, has instructed heads of government agencies and state enterprises to develop their fiscal 2021 budget plans while ensuring that they are in line with the national strategy and take global economic challenges into consideration.

 

The Prime Minister chaired a state budget disbursement seminar and delivered a budget planning policy. He said that, once the bill is enforced, it must be disbursed quickly. Fiscal 2021 will run with a budget deficit, but it must not affect fiscal discipline. The government will have to generate more income to compensate for the deficit.

 

The Prime Minister said global economic challenges, as well as political tensions in the country and abroad, must be taken into consideration. The government has prepared measures to deal with the impact and developed policies to stimulate the domestic economy, including in tourism, the Chim, Shop, Chai (Taste, Shop, Spend) campaign and farmers’ income guarantees.

 

Gen Prayut said he hoped the Thai economy will grow 3% in the fourth quarter of this year, as the government is supporting infrastructure investment to facilitate economic cooperation and development with other countries.

 

The Prime Minister instructed government agencies and state enterprises to use the budget planning policy as a guideline for developing their fiscal 2021 budget plans, which will be submitted to the Bureau of the Budget by January 24, 2020. He encouraged them to cooperate and help develop a better understanding with the public.

 

The budget disbursement seminar was attended by heads of government agencies and state enterprises. It was held to ensure that they will work efficiently and in the same direction.

 

-- © Copyright NNT 2019-12-24

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[PatOngo]

It's swill time again, time to refill those troughs!

[steven100]

Thailand continues to move forward ..... 

December 13, 2019

The economy grew at a marginally stronger pace in Q3, A pick-up in public consumption and fixed investment growth led the slight acceleration, while private consumption growth softened and exports contracted for the third quarter in a row as the downturn in the manufacturing sector intensified. Turning to Q4, growth likely remained soft. Private consumption growth rebounded in October,

Economic growth should gain momentum next year owing to fiscal stimulus, low interest rates and a recovering external sector. However, the balance of risks is tilted to the downside as external headwinds linger in the form of trade tensions and a strong currency, weighing on tourism and exports. Our panel expects the economy to expand 2.9% in 2020, which is down 0.1 percentage points from last month’s projection, and 3.3% in 2021.

[newatthis]

4 hours ago, steven100 said:

Thailand continues to move forward ..... 

December 13, 2019

The economy grew at a marginally stronger pace in Q3, A pick-up in public consumption and fixed investment growth led the slight acceleration, while private consumption growth softened and exports contracted for the third quarter in a row as the downturn in the manufacturing sector intensified. Turning to Q4, growth likely remained soft. Private consumption growth rebounded in October,

Economic growth should gain momentum next year owing to fiscal stimulus, low interest rates and a recovering external sector. However, the balance of risks is tilted to the downside as external headwinds linger in the form of trade tensions and a strong currency, weighing on tourism and exports. Our panel expects the economy to expand 2.9% in 2020, which is down 0.1 percentage points from last month’s projection, and 3.3% in 2021.

And in the real world with real Thais:

 

[Srikcir]

7 hours ago, webfact said:

PM Prayut orders government agencies to speed up budget disbursement

But apparently planning on a "hold back" as it did with unspent budget for the FY 2019 budget that subsequently got rolled into FY 2020?

Disbursement of the regular FY2019 budget accounted for only 80.3% of total budget. I believe that Prayut planned to use those undisbursed funds allegedly for populist stimulus programs in FY 2020.

Last month the government targeted budget disbursement of 92.3% of total budget next year in order to achieve the 2020 GDP growth target of 2.7-3.7% GDP growth. https://www.nationthailand.com/business/30378640

[rkidlad]

6 hours ago, steven100 said:

Thailand continues to move forward ..... 

December 13, 2019

The economy grew at a marginally stronger pace in Q3, A pick-up in public consumption and fixed investment growth led the slight acceleration, while private consumption growth softened and exports contracted for the third quarter in a row as the downturn in the manufacturing sector intensified. Turning to Q4, growth likely remained soft. Private consumption growth rebounded in October,

Economic growth should gain momentum next year owing to fiscal stimulus, low interest rates and a recovering external sector. However, the balance of risks is tilted to the downside as external headwinds linger in the form of trade tensions and a strong currency, weighing on tourism and exports. Our panel expects the economy to expand 2.9% in 2020, which is down 0.1 percentage points from last month’s projection, and 3.3% in 2021.

Steven, do you think anyone who reads your Prayut propaganda thinks to themselves, “I was on the fence about Prayut but now I’m thinking he’s a good prime minister”? 
 

I’ll give you a clue to the answer - No. No, they don’t. 
 

[steven100]

57 minutes ago, rkidlad said:

Steven, do you think anyone who reads your Prayut propaganda thinks to themselves, “I was on the fence about Prayut but now I’m thinking he’s a good prime minister”? 
 

I’ll give you a clue to the answer - No. No, they don’t. 
 

merry xmas ...…  ????

[Scot123]

Hurry, hurry hurry I want MY money. 

[pixelaoffy]

Total hypocrisy ! Bribed regions to win the fake elections! Thai political elite have only one answer to those who are critical and seek to change things,,,,,,ban them 

[Thechook]

Orders?  Um guess he thinks he is a military ruler.

[ParkerN]

On 12/24/2019 at 12:06 PM, rkidlad said:

Steven, do you think anyone who reads your Prayut propaganda thinks to themselves, “I was on the fence about Prayut but now I’m thinking he’s a good prime minister”? 
 

I’ll give you a clue to the answer - No. No, they don’t. 
 

 

Do you think anyone cares what Steven thinks? Might be the same answer, should we have a vote?