Connect with us
The clever new way to send money abroad

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.

Published

on

Thai premier holds meeting on 2020 Budget

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.

Source link

Click to comment

Leave a Reply

Tourism

Can border reopening revive tourism in South-East Asia?

In Thailand, where pre-pandemic tourism accounted for 11-12% of GDP, the country lost an estimated $50bn last year as Covid-19 restrictions led to an 82% fall in arrival numbers.

Published

on

Ko Samed deserted pier

After 18 months of travel restrictions, a number of countries in South-east Asia have begun opening their borders to foreign visitors to stoke recovery in their respective tourism industries.

(more…)
Continue Reading

Travel

Thailand dropped from UK’s tough covid-19 travel ‘red list’

Earlier, Thailand was listed among countries with high infection levels that were put on a ‘red list’, requiring arrivals to spend 10 days in a government-provided quarantine hotel, and must periodically have a PCR test or other tests.

Published

on

A man sat in an airport with his feet on a suitcase. A place is taking off in the background

From Monday, 11 October onward, fully vaccinated travelers from Thailand will not be subjected to Covid-19 quarantine, according to the latest announcement of the UK government.

(more…)
Continue Reading

Most Read

Recent