The cabinet on Tuesday approved a fiscal 2022 budget of 3.10 trillion baht, with a deficit of 700 billion baht, which is 91 billion or 15% higher than fiscal 2021.
Sommai Lakananuruk, deputy secretary-general of the Budget Bureau, said the fiscal 2022 budget, starting from Oct 1 this year, would be 186 billion baht or 5.66% lower than the 3.28 trillion baht approved in the fiscal 2021 blueprint.
The regular budget is set at 2.36 trillion baht in fiscal 2022, down by 177 billion from the current fiscal year.
Revenue collection is estimated at 2.4 trillion baht, down by 10.4% from the current fiscal year, which is 2.77 trillion.
The fiscal 2022 budget is based on an economic growth forecast of 3.5% and an inflation rate of 0.7-1.7%.
The investment budget is maintained at 20.1% of the total budget, or 624 billion baht, down from 649 billion in fiscal 2021.
According…
