snoop1130 Posted January 17 Share Posted January 17 The Thai Cabinet ratified a 3.6 trillion baht budget for the fiscal year 2025. This sees an expansion of the budget deficit to 713 billion baht, a 2.89% increase from the previous year. The new budget was approved by the Cabinet on Tuesday, following its presentation by the Budget Bureau. It was announced by the Deputy Government Spokesperson, Rudklao Suwankiri. This budget reflects a 3.4% increase from the 3.48 trillion baht allocated for fiscal 2024. Fiscal 2025 starts on October 1, 2024. Rudklao informed that the budget for fiscal 2025 includes a deficit of 713 billion baht. This is necessary to ensure the continuity of economic expansion and stability, she said. The government projects a net revenue of 2.88 trillion baht for 2025, which is a 3.6% increase from 2024. Public debt is estimated to stand at 12.7 trillion baht, equivalent to 63.7% of the GDP. The country’s GDP growth is expected to range between 3.1% and 4.1% in 2025, averaging at 3.6%. The inflation rate is also projected to be between 1.5% and 2.5%. Thai GDP is estimated to amount to 20.0 trillion baht, a step up from 19.0 trillion baht in 2024. Rudklao said that the next phase is for the Budget Bureau to invite various government agencies to submit their expenditure proposals for review. By Alex Morgan Caption: PHOTO: via the economic times Full story: The Thaiger 2024-01-17 - 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 Link to comment Share on other sites More sharing options...
john donson Posted January 18 Share Posted January 18 (edited) aiming for good old 100% soon ? without counting the vote buying scam wallet Edited January 18 by john donson Link to comment Share on other sites More sharing options...
flyingtlger Posted January 18 Share Posted January 18 16 hours ago, snoop1130 said: This sees an expansion of the budget deficit to 713 billion baht That's a lot of cheddar.... Link to comment Share on other sites More sharing options...
Srikcir Posted January 18 Share Posted January 18 18 hours ago, snoop1130 said: the next phase is for the Budget Bureau to invite various government agencies to submit their expenditure proposals for review The economic projections look reasonable, albeit economic growth might be slightly less due to tourism uncertainties. I look forward to the Ministry of Defence 2025 budget. Probably what the public will never see are the revenues derived from the military's independent nongovernmental sources, such as it's ownership of natural resources, military base private contracts, and paid public use of military facilities such as its shooting ranges. In 2023 prior to the election as I recall, the House opposition coalition requested in session that the military identify revenues from all such nongovernmental sources to which the military agreed. However, that request appears to have been shelved at best. Link to comment Share on other sites More sharing options...
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