A 3.48 TRILLION BAHT budget for fiscal 2024 will be submitted for cabinet approval next week, a government official said today (Nov.15).

 

Prime Minister Srettha Thavisin is scheduled to chair next Tuesday’s cabinet meeting to pass the 2024 budget bill prepared by the Budget Bureau and then forward it to parliament, according to the official attached to Government House.

 

The 3.48 trillion baht budget accounts for a 9.3% increase amounting to 295 billion baht from that for fiscal 2023 whilst a total of 2.78 trillion baht in state revenue is expected throughout fiscal 2024, thus incurring a sum of 693 billion baht in budget deficit.

 

By Thai Newsroom Reporters

Picture: Representative images of national budget approval procedure. Credit: Matichon

 

Full story: THAI NEWSROOM 2023-11-16

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Get our Daily Newsletter - Click HERE to subscribe

In addition to the USD 500 billion handout scheme, that's quite a budget deficit!

 

If anyone is interested, here's a breakdown of the 2022 budget:

 

https://dmcrth.dmcr.go.th/attachment/dw/download.php?WP=rUqjMT04qmqZG22DM7y04TyerPMjBT01qmIZAJ1CM5O0hJatrTDo7o3Q

 

Note that only about 2.1% of tax revenue comes from personal income tax.

Edited November 15, 20232 yr by Mike Lister

That won't cover the 10,000 baht vote buying handout???

'3.48 Trillion Baht Budget For 2024 Due For Cabinet Nod'

That's all the cabinet or the senate do for their money.