NLA passes the 2016 fiscal year's 2.72 trillion baht budget bill

[webfact]

NLA passes the 2016 fiscal year's 2.72 trillion baht budget bill



BANGKOK: -- The National Legislative Assembly on Thursday unanimously passed the 2016 fiscal year budget totaling 2.72 trillion baht in three straight readings within just four hours.

Deputy Finance Minister Visut Srisuphan, also vice chairman of the extraordinary committee deliberating the budget bill, told the NLA members that the committee had attached importance to the visions and obligations of the government.

Altogether 20,582 million baht were trimmed from the budgets of various governmental agencies and added to the Central Fund as reserves for use in case of emergencies.

Only a handful of assemblymen took part in the debate of the budget bill.

Deputy Prime Minister Visanu Krea-ngarm who was assigned to attend the assembly meeting on behalf of Prime Minister Prayut Chan-ocha who is visiting the Philippines thanked the NLA members and the budget extraordinary committee for their hard work in considering the budget bill for the past three months.

He assured members of the NLA that the government would spend every single baht of the budget in accordance with the wishes of the NLA and spirit of the law for national benefits.

Source: http://englishnews.thaipbs.or.th/nla-passes-the-2016-fiscal-years-2-72-trillion-baht-budget-bill


-- Thai PBS 2015-08-27

[clockman]

And how much of that will be stolen from the people?

[zaphod reborn]

And how much of that will be stolen from the people?

100% - it's called taxes

[Srikcir]

"the government would spend every single baht of the budget in accordance with the wishes of the NLA"

TRANSLATION:

"in accordance with the wishes of the NCPO."

Three readings in four hours passed unanimously by a NCPO appointed legislative body including 52%+ active and retired military, including General Preecha.

Wishes of the Thai people are irrelevant.

Edited August 27, 2015 by Srikcir

[Reigntax]

Does the figure include commissions or is it ex?

[rubl]

The 2014/2015 National Budget was 2.52 or 2.56 trillion if I remember correctly. Not sure how much of the budget is actually disbursed and what remains, nor if the remainder is moved as 'reserves' on the plus side of the 2015/2016 National Budget. Can't remember ever having seen such figures over the last twenty years.

BTW was data published on how the government income side looks, it's expenditures and possible deficits or surplus ?

[Eric Loh]

"the government would spend every single baht of the budget in accordance with the wishes of the NLA"

TRANSLATION:

"in accordance with the wishes of the NCPO."

Three readings in four hours passed unanimously by a NCPO appointed legislative body including 52%+ active and retired military, including General Preecha.

Wishes of the Thai people are irrelevant.

"3 readings in 4 hours" Putting this into perspective in elected government like the previous whereby 3 days were allocated for budget debate, 13 hours were allocated for opposition to air their views, 80 PT MPs spoke and 40 Dem MPs spoke against; this is just a rubber stamp NLA that disregards people concerns.

[FangFerang]

There are only 50 people there.

What a farce.

[rubl]

"the government would spend every single baht of the budget in accordance with the wishes of the NLA"

TRANSLATION:

"in accordance with the wishes of the NCPO."

Three readings in four hours passed unanimously by a NCPO appointed legislative body including 52%+ active and retired military, including General Preecha.

Wishes of the Thai people are irrelevant.

"3 readings in 4 hours" Putting this into perspective in elected government like the previous whereby 3 days were allocated for budget debate, 13 hours were allocated for opposition to air their views, 80 PT MPs spoke and 40 Dem MPs spoke against; this is just a rubber stamp NLA that disregards people concerns.

Absolutely.

BTW

23rd of May, 2015

"The national budget for the 2016 fiscal year has been set at 2.720 trillion baht, representing an increase of 145 billion baht, or 5.6 percent, over that of 2015.

In his statement on the 2016 national budget at the first reading by the National Legislative Assembly on 21 May 2015, Prime Minister General Prayut Chan-o-cha explained that out of the national budget, more than 2.706 trillion baht would be set aside for the regular expenditures of various government agencies and state enterprises, while 13.5 billion baht would be allocated as payments for the national reserves."

http://thailand.prd.go.th/1700/ewt/thailand/ewt_news.php?nid=1766

PS while searching I found this link to a PDF on the 2014/2015 National Budget. It's called

"THAILAND’S BUDGET IN BRIEF FISCAL YEAR 2015

BUREAU OF THE BUDGET"

http://www.bb.go.th/budget_book/e-Book2558/PDF/Budget-in-Brief-2015.pdf

and has 'only' 132 pages. Just the easy reading for posters here

PPS also previous years available, but only in Thai it would seem. The directory "e-Book2559/" already prepared it would seem, but still empty.

Edited August 28, 2015 by rubl

[Eric Loh]

"the government would spend every single baht of the budget in accordance with the wishes of the NLA"

TRANSLATION:

"in accordance with the wishes of the NCPO."

Three readings in four hours passed unanimously by a NCPO appointed legislative body including 52%+ active and retired military, including General Preecha.

Wishes of the Thai people are irrelevant.

"3 readings in 4 hours" Putting this into perspective in elected government like the previous whereby 3 days were allocated for budget debate, 13 hours were allocated for opposition to air their views, 80 PT MPs spoke and 40 Dem MPs spoke against; this is just a rubber stamp NLA that disregards people concerns.

Absolutely.

BTW

23rd of May, 2015

"The national budget for the 2016 fiscal year has been set at 2.720 trillion baht, representing an increase of 145 billion baht, or 5.6 percent, over that of 2015.

In his statement on the 2016 national budget at the first reading by the National Legislative Assembly on 21 May 2015, Prime Minister General Prayut Chan-o-cha explained that out of the national budget, more than 2.706 trillion baht would be set aside for the regular expenditures of various government agencies and state enterprises, while 13.5 billion baht would be allocated as payments for the national reserves."

http://thailand.prd.go.th/1700/ewt/thailand/ewt_news.php?nid=1766

PS while searching I found this link to a PDF on the 2014/2015 National Budget. It's called

"THAILANDS BUDGET IN BRIEF FISCAL YEAR 2015

BUREAU OF THE BUDGET"

http://www.bb.go.th/budget_book/e-Book2558/PDF/Budget-in-Brief-2015.pdf

and has 'only' 132 pages. Just the easy reading for posters here

PPS also previous years available, but only in Thai it would seem. The directory "e-Book2559/" already prepared it would seem, but still empty.

Rubi, thanks for the links. Useful. Now that budget for 2016 is allocated and rubber stamped, will the infrastructure projects go off budget loans? Besides private investments, it looks like it will be funded by off budget. You found anything on that?

[rubl]

"3 readings in 4 hours" Putting this into perspective in elected government like the previous whereby 3 days were allocated for budget debate, 13 hours were allocated for opposition to air their views, 80 PT MPs spoke and 40 Dem MPs spoke against; this is just a rubber stamp NLA that disregards people concerns.

Absolutely.

BTW

23rd of May, 2015

"The national budget for the 2016 fiscal year has been set at 2.720 trillion baht, representing an increase of 145 billion baht, or 5.6 percent, over that of 2015.

In his statement on the 2016 national budget at the first reading by the National Legislative Assembly on 21 May 2015, Prime Minister General Prayut Chan-o-cha explained that out of the national budget, more than 2.706 trillion baht would be set aside for the regular expenditures of various government agencies and state enterprises, while 13.5 billion baht would be allocated as payments for the national reserves."

http://thailand.prd.go.th/1700/ewt/thailand/ewt_news.php?nid=1766

PS while searching I found this link to a PDF on the 2014/2015 National Budget. It's called

"THAILANDS BUDGET IN BRIEF FISCAL YEAR 2015

BUREAU OF THE BUDGET"

http://www.bb.go.th/budget_book/e-Book2558/PDF/Budget-in-Brief-2015.pdf

and has 'only' 132 pages. Just the easy reading for posters here

PPS also previous years available, but only in Thai it would seem. The directory "e-Book2559/" already prepared it would seem, but still empty.

Rubi, thanks for the links. Useful. Now that budget for 2016 is allocated and rubber stamped, will the infrastructure projects go off budget loans? Besides private investments, it looks like it will be funded by off budget. You found anything on that?

Since at least I do not know how different the accepted National Budget is from the one proposed three months ago I would not talk about 'rubber stamped'. Maybe it was sneakily modified as the previous, democratically elected government liked to do?

As for the infra structure projects, since private (and foreign) investment is sought, the National Budget is said to have limited reservations for such projects, but a need for a few years of such reservations. That's normal for larger projects, reservations are spread over a few years, just like the repayments to BAAC for the RPPS 'loan'.

Details on the 2015/2016 National Budget I haven't got (yet). AS I wrote, the government website seems prepared for 2559 documents, but I expect them to be in Thai only at first. In the mean time study the 132 pages PDF I linked to. Should help you prepare

[baboon]

"the government would spend every single baht of the budget in accordance with the wishes of the NLA"

TRANSLATION:

"in accordance with the wishes of the NCPO."

Three readings in four hours passed unanimously by a NCPO appointed legislative body including 52%+ active and retired military, including General Preecha.

Wishes of the Thai people are irrelevant.

"3 readings in 4 hours" Putting this into perspective in elected government like the previous whereby 3 days were allocated for budget debate, 13 hours were allocated for opposition to air their views, 80 PT MPs spoke and 40 Dem MPs spoke against; this is just a rubber stamp NLA that disregards people concerns.

Absolutely.

BTW

23rd of May, 2015

"The national budget for the 2016 fiscal year has been set at 2.720 trillion baht, representing an increase of 145 billion baht, or 5.6 percent, over that of 2015.

In his statement on the 2016 national budget at the first reading by the National Legislative Assembly on 21 May 2015, Prime Minister General Prayut Chan-o-cha explained that out of the national budget, more than 2.706 trillion baht would be set aside for the regular expenditures of various government agencies and state enterprises, while 13.5 billion baht would be allocated as payments for the national reserves."

http://thailand.prd.go.th/1700/ewt/thailand/ewt_news.php?nid=1766

PS while searching I found this link to a PDF on the 2014/2015 National Budget. It's called

"THAILANDS BUDGET IN BRIEF FISCAL YEAR 2015

BUREAU OF THE BUDGET"

http://www.bb.go.th/budget_book/e-Book2558/PDF/Budget-in-Brief-2015.pdf

and has 'only' 132 pages. Just the easy reading for posters here

PPS also previous years available, but only in Thai it would seem. The directory "e-Book2559/" already prepared it would seem, but still empty.

rubl's idea of a cracking Friday night. Me, I'm cracking open a bottle and limbering up for a game of poker...

[rubl]

"the government would spend every single baht of the budget in accordance with the wishes of the NLA"

TRANSLATION:

"in accordance with the wishes of the NCPO."

Three readings in four hours passed unanimously by a NCPO appointed legislative body including 52%+ active and retired military, including General Preecha.

Wishes of the Thai people are irrelevant.

"3 readings in 4 hours" Putting this into perspective in elected government like the previous whereby 3 days were allocated for budget debate, 13 hours were allocated for opposition to air their views, 80 PT MPs spoke and 40 Dem MPs spoke against; this is just a rubber stamp NLA that disregards people concerns.

Absolutely.

BTW

23rd of May, 2015

"The national budget for the 2016 fiscal year has been set at 2.720 trillion baht, representing an increase of 145 billion baht, or 5.6 percent, over that of 2015.

In his statement on the 2016 national budget at the first reading by the National Legislative Assembly on 21 May 2015, Prime Minister General Prayut Chan-o-cha explained that out of the national budget, more than 2.706 trillion baht would be set aside for the regular expenditures of various government agencies and state enterprises, while 13.5 billion baht would be allocated as payments for the national reserves."

http://thailand.prd.go.th/1700/ewt/thailand/ewt_news.php?nid=1766

PS while searching I found this link to a PDF on the 2014/2015 National Budget. It's called

"THAILANDS BUDGET IN BRIEF FISCAL YEAR 2015

BUREAU OF THE BUDGET"

http://www.bb.go.th/budget_book/e-Book2558/PDF/Budget-in-Brief-2015.pdf

and has 'only' 132 pages. Just the easy reading for posters here

PPS also previous years available, but only in Thai it would seem. The directory "e-Book2559/" already prepared it would seem, but still empty.

rubl's idea of a cracking Friday night. Me, I'm cracking open a bottle and limbering up for a game of poker...

baboon's idea of a nice post on budgets is cracking open a bottle and a game of poker. Let's hope he does it transparently, responsibly and is willing to be accountable for possible gains or losses.

PS did you really find the time at 19:44 to post a snide remark about spending Friday night in reply to my post of 11:56 ?

Edited August 28, 2015 by rubl