Bangkok, Aug. 24- 4 agencies prepare to prepare a budget in parallel with the year 2024-2025, injecting money into the system.

Mr. Pornchai Thiravech, Director of the Fiscal Policy Office (FPO), said that after the Budget Bureau Proposed to the Prime Minister to consider the budgeting criteria for the time being at the Cabinet meeting yesterday. This is a good starting point for disbursement of the expenditure budget for the year 2024 into the system from the original framework that the government had previously approved 3.35 trillion baht, estimated revenue 2.757 trillion baht, budget deficit 593,000 million baht, public debt burden 61.35 per g. DP

When the new cabinet took the oath of allegiance When preparing government policies to be presented to the council, then 4 economic agencies, namely the Ministry of Finance Bank of Thailand (BOT) Bureau of the Budget And the National Economic and Social Development Council (NESDB) must prepare a budget strategy for the year 2024 in line with the new government's policy. According to the economic growth assumption of NESDB forecasts GDP to expand by 2.5-3 percent in the year 2023 when the GDP forecast has decreased. How will it affect the revenue collection goal of the treasury? Because the original target was set at 2.757 trillion baht in revenue, the initial income tax collection of the 3 departments collected in 2023 was achieved according to the goal. Because the Excise Department Come back to collect the oil tax as before, 10,000 million baht per month, so have to wait for the new finance minister. come into consideration how much to modify the original frame in preparing the expenditure budget for the year 2017

“The preparation of the 2024 budget framework has been delayed for several months. Need to speed up the preparation of many steps to complete quickly so that the budget can be released into the system early next year As for the Ministry of Finance, it may be necessary to prepare an expenditure budget for 2015 in parallel. Because at the end of the year every year, 4 main agencies must assess the overall economy. Study and discuss next year's budget framework to submit to the council for consideration But this year, the budget framework for both years may have to be prepared simultaneously, ”said Mr. Pornchai.

for injecting money into the system during this period In addition to the regular budget that is the salary of the government in terms of investment May have to rely on state banks Which is in progress, lending to SMEs to increase capital after the government has approved the project according to Section 28 of the Financial and Fiscal Discipline Act for the state bank Help take care of minors during this time. In addition, the state enterprises Both calendar year and fiscal year budget Prepare investment projects When the new government comes to work, it will be offered. Council can consider There will be 1-2 billion baht of investment into the system because the NESDB board The preliminary investment project has been approved. so that at the end of this year and early next year When there is still a budget injected into the system.-Thai News Agency

Source: Thai News Agency