PM grants awards to outstanding revolving funds

BANGKOK, 12 July 2016 (NNT) – Prime Minister Gen Prayut Chan-o-cha has given out outstanding revolving funds awards, recognizing the funds’ contributions to promoting people’s quality of life and the national economy.

Gen Prayut presided over the annual ceremony to award outstanding revolving funds which was organized by the Comptroller General’s Department. The awards were aimed at encouraging members of revolving funds to continue to improve their management and operations for higher efficiency in lifting the quality of life and driving the economy.

This year, there were 17 awards under four categories. Awards for outstanding works were given to the National Health Security Fund, the Thailand Research Fund and the Cooperative Development Fund. The Narcotics Control Fund and the Fund for Formal Education Schools were awarded for outstanding development, and the Fund for Science and Technology Development was awarded for outstanding management.

According to Finance Minister Apisak Tantivorawong, the Revolving Fund Act sets a budget ceiling for each fund in accordance with actual needs while any surplus funds will be transferred back to the Finance Ministry. There are currently 116 revolving funds, worth a combined 3.3 trillion baht, under the ministry’s supervision.

-- NNT 2016-07-12

Revolving door in the PM's office would be more appropriate at this time

Edited July 12, 20169 yr by cockatoowho

Might want to rename that fund. Revolving door has a bit of a negative connotation concerning plays between government and non-government organisations.

....and envelopes...keep em coming boys...love ya!