3.48 trillion budget approved by Cabinet for next year

[webfact]

Prime Minister Srettha, in a post-Cabinet meeting press conference declared that the budget bill, meticulously scrutinised by the Office of Council of State, will be delivered for approval.

Typically, budget bills are sealed and delivered before the fiscal year kicks off in October. However, this year’s extravaganza faced a dramatic delay, thanks to the intricate dance of forming a coalition government post the May 14 general election. The 2024 spending plan flaunts a staggering 9.3% surge compared to its 2023 counterpart, clocking in at 3.185 trillion baht.

 

Unpacking the colossal budget, 2.535 trillion baht is earmarked for fixed expenditures, which is 72.85%. There’s 118.361 billion baht to caress the treasury reserves, a colossal 715.381 billion baht to power up investments, and 118.32 billion designated for loan paybacks.

The government is eyeing 693 billion baht loan to make up for the budget deficit. The budget documents project a revenue of 2.787 trillion baht, together with a projected GDP of 19.02 trillion, reported The Nation.

 

by Puntid Tantivangphaisal

Photo courtesy of The Nation

 

Full story: The Thaiger 2023-12-27

 

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[2baht]

52 minutes ago, webfact said:

meticulously scrutinised

 Kaching kaching! 

[Sydebolle]

Some more sub-marine contracts on the Admiral's desk waiting for inking? 

Wondering also, if they included the post-vote-buying "gift" of THB 560'000'000'000 (5.6 billion Thai Baht) as digital appreciation of managed to get voted into office - Thai-style. 

Someone will have to clean up the mess in the future of which none of the present government placeholders will be a part for sure :-( 

[mikebell]

21 hours ago, webfact said:

meticulously scrutinised by the Office of Council of State,

All new luxury car orders should be completed before the end of January 2024.

[sammieuk1]

The 2025 budget will kick off with the what happened to 3 trillion of the 2024 budget for sure 🤔

[StayinThailand2much]

On 12/27/2023 at 10:38 AM, webfact said:

The government is eyeing 693 billion baht loan to make up for the budget deficit.

 

A 20%-deficit... Wonder, what morons will lend them that kind of money, or will they just print it? - Seems that massive private-household debt won't be the only economic headache in the future...

Edited December 28, 2023 by StayinThailand2much