Connect with us
CGIF-10th-Year-Anniversary

National

Thai Cabinet approve budget deficit

The 2014 Thai national budget has been set at 2.52 trillion baht, an increase of 125 billion baht, or 5.2 percent from the 2013 national budget.

Aishwarya Gupta

Published

on

The Cabinet, during its meeting on 12 February 2013, approved the national budget for the 2014 fiscal year and budget allocation for local administrative organizations.

The 2014 national budget has been set at 2.52 trillion baht, an increase of 125 billion baht, or 5.2 percent from the 2013 national budget.

It will be a deficit budget, as the Government has set a deficit of 250 billion baht. Revenue earned by the Government in 2014 is projected at 2.27 trillion baht. Budget planning for the 2014 fiscal year places emphasis on Thailand’s national strategies for the realization of the ASEAN Community in 2015 and the continuation of the Government’s major policies.

The new national budget also attaches great importance to the Government’s 16 urgent policies contained in the policy statement, delivered by the Prime Minister to the National Assembly in August 2011. It seeks to integrate work carried out by various agencies in response to the demands of local people. The objectives are to increase the people’s income, reduce their expenditure, provide them with greater opportunities, improve the people’s quality of life, and enhance Thailand’s competitiveness.

In addition, the 2014 national budget takes into account a royal decree to allow the Ministry of Finance to secure loans for water resources management and future development and a draft bill seeking to empower the Ministry of Finance to secure loans for investment in transport infrastructure.

The Cabinet told various ministries to review or scrap the projects that are not in line with the Government’s policies and the present situation, based on the “review, redeploy, and replace” principle, so that budget allocations would be used for projects that are more important.

As for budget allocation for local administrative organizations, the Government focuses on enhancing the potential of these organizations and increasing their efficiency in income collection. In order to reduce fiscal disparity, the Government has allocated more funds for local administrative organizations with low income. The main objective is to enable them to carry out their activities for local fiscal sustainability. Moreover, budget allocation for localities also aims to provide public services to improve local people’s quality of life.

Local administrative organizations represent the central administration in distributing monthly allowances to the elderly, disabled persons, AIDS patients, and village public health volunteers. They also help the Government in drug prevention and control, water management, and education management.

The Government decided to allocate 256.5 billion baht in the 2014 budget for local administrative organizations. The amount represents an increase of 8.5 percent from 2013, when 236.5 billion baht was allocated for them.

The implementation of the 2014 national budget will begin on 1 October 2013 and end on 30 September 2014. Inside Thailand — National Budget for the 2014 Fiscal Year Wins Cabinet Approval

Comments

National

Thai cabinet allows illegal migrant workers to sign up for 2-year work permit

Migrant workers from Cambodia, Laos, and Myanmar, who are in Thailand illegally, will be able to obtain a 2-year work permit under a special arrangement offered to help contain the spread of COVID-19.

National News Bureau of Thailand

Published

on

Samut Sakhon One Stop Service

BANGKOK (NNT) – Cabinet has approved a special arrangement for illegal migrant workers from neighboring countries, allowing them to register for 2-year legal work status in Thailand, following the case of a new COVID-19 outbreak among the migrant workers’ community.

(more…)
Continue Reading

National

Thailand blocks online gambling websites

In the past week, the Ministry of Digital Economy and Society has asked all internet service providers and mobile carriers to block access to online gambling websites.

National News Bureau of Thailand

Published

on

logomain

BANGKOK (NNT) – Online gambling websites, which are easy to access by children and youth, have become a topic of concern for the Prime Minister, who has ordered strict suppression of these illegal websites.

(more…)
Continue Reading

National

Covid-19: Thailand reports 10 weeks without local transmission

According to the Centre for Covid-19 Situation Administration (CCSA), Thailand has recorded zero new locally-contracted cases for 10 weeks.

Boris Sullivan

Published

on

According to the Centre for Covid-19 Situation Administration (CCSA), Thailand has recorded zero new locally-contracted cases for 70 days, as all new cases were imported from other countries.

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,454 other subscribers

Trending