Thai cabinet approves 3.2 trillion baht budget for 2020
The money required will come in part from 2.73 trillion baht in total exchequer revenues, thus incurring 469 billion baht in budget deficit.
BANGKOK, 1st August 2019 (NNT) – The Budget for fiscal 2020, amounting to 3.2 trillion baht, is scheduled for consideration by the cabinet on August 6.
Prime Minister/Defense Minister Gen Prayut Chan-o-cha has chaired a meeting on preparations for the Budget Bill at Government House.
The meeting was attended by officials of the Budget Bureau, the Bank of Thailand, the Ministry of Finance, the National Economic and the Social Development Council.
The premier remarked that the Budget Bill should be prepared in response to both internal and external factors, for which viewpoints from varied committees should be taken into account.
Budget Bureau Director Dechaphiwat na Songkhla announced that the meeting has approved the 3.2 trillion baht Budget, which will be proposed to the cabinet on August 6.
The money required will come in part from 2.73 trillion baht in total exchequer revenues, thus incurring 469 billion baht in budget deficit.
Then, the Budget Bill will be forwarded for debate in parliament from October to the middle of January 2020. Finally, it will be submitted to His Majesty the King by the end of January 2020.
Opinion
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors of the regional economy, and building on their close integration into global value chains
For decades, East Asia and the Pacific region sustained rapid economic growth while lifting hundreds of millions out of poverty.
(more…)
Opinion
Thailand’s Vaccine Strategy: What went wrong?
Questions are being asked, and not answered, over the decision to rely almost entirely on Siam Bioscience, a local, palace-owned company with no experience of making vaccines, for the country’s vaccine needs, until an unseemly scramble began this year to procure alternatives.
Last year Thailand won worldwide praise for its effective measures to contain COVID-19. This year the government is facing growing public outrage over the failure to control new covid outbreaks, and the slow acquisition of vaccines.
(more…)
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...
Thailand’s Vaccine Strategy: What went wrong?
Questions are being asked, and not answered, over the decision to rely almost entirely on Siam Bioscience, a local, palace-owned...
Exclusive interview with Richi Kukreja, HR Lead Director for Zoetis South East Asia
Zoetis is a global animal health industry leader, dedicated to supporting customers and their businesses in ever better ways. Building...
World Bank lowers Thai GDP growth outlook to 2.2%
In the Thailand Economic Monitor released today, the World Bank adjusted its outlook on Thailand’s economic growth this year to...
The Importance of E-Wallets for Online Gaming Sites
With e-wallets and cryptocurrency being the most relevant options, banks have been put on the side burner, especially when e-wallets...