Prime Minister Srettha, in a post-Cabinet meeting press conference declared that the budget bill, meticulously scrutinised by the Office of Council of State, will be delivered for approval.
Typically, budget bills are sealed and delivered before the fiscal year kicks off in October. However, this year’s extravaganza faced a dramatic delay, thanks to the intricate dance of forming a coalition government post the May 14 general election. The 2024 spending plan flaunts a staggering 9.3% surge compared to its 2023 counterpart, clocking in at 3.185 trillion baht.
Unpacking the colossal budget, 2.535 trillion baht is earmarked for fixed expenditures, which is 72.85%. There’s 118.361 billion baht to caress the treasury reserves, a colossal 715.381 billion baht to power up investments, and 118.32 billion designated for loan paybacks.
The government is…
