Cabinet allots B500bn for state enterprises

The cabinet approved an investment budget of 500 billion baht on Tuesday for 46 state-owned enterprises in fiscal 2024, which starts in October this year, with an aim to stimulate the country’s economy.

Government spokesman Chai Wacharonke said the allocation includes investment expenditures for routine projects and ongoing ones worth 209 billion baht, with additional investment expenditures of 50 billion baht during the year.

In addition, there are investment expenditures for state enterprises classified as public companies and subsidiaries (five in total) tallying 241 billion baht, along with additional expenditures during the year of 50 billion baht.

In total, the overall budget allocation for…