The government on Monday approved a combined 5.33 billion baht budget, up from 1.2 billion baht in fiscal 2021, to promote and strengthen small and medium-sized enterprises (SMEs) in fiscal 2022.
Veerapong Malai, director-general of the Office of SMEs Promotion (Osmep), said the integrated budget channelled through various state agencies will focus primarily on SMEs, which have been harshly affected by the pandemic.
Such a budget — approved by the SMEs Promotion Committee chaired by Prime Minister Prayut Chan-o-cha — will offer SMEs financial liquidity, and promote them to upgrade their technology and digitalise their management and production.
Mr Veerapong said with myriad aid measures for SMEs and the country’s economic recovery, most SMEs are likely to recover next year.
SMEs contributed enormously to GDP as they accounted for 35% last year.
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