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Sunday, May 5, 2024

Cabinet okays B3.185tn budget for fiscal 2023

The Pink Line train is seen under construction in Bangkok, as the government plans more mass transit rail projects in the capital and other key cities this year. The cabinet on Tuesday approved a 2.7% hike in the budget for the 2023 fiscal year. (Photo: Wichan Charoenkiatpakul)

The cabinet approved on Tuesday a fiscal 2023 budget worth 3.185 trillion baht with a deficit of 695 billion.

The fiscal 2023 budget is 2.74%, or 85 billion baht, higher than the fiscal 2022 budget, according to government spokesman Thanakorn Wangboonkongchana.

Of the total, the regular budget tallied 2.39 trillion baht, up by 17 billion or 0.72% from the previous year, accounting for 75% of the total budget.

The investment budget is set at 695 billion baht, up by 83 billion or 13.8% from fiscal 2022. The investment budget makes up…

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