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Thursday, May 2, 2024

Cabinet to review state budget for fiscal 2024

It is understood that the Budget Bureau will propose to the Cabinet at today’s meeting its recommendation to consider amending the budget timetable for fiscal 2024 as well as the expenditure framework.

The budget for 2024, with a total of 3.48 trillion baht, to be proposed for the Cabinet’s consideration, estimates government revenue at 2.79 trillion baht and will involve borrowing to offset the budget deficit of 693 billion baht.

The proposed budget framework for 2024 will have an increased budget framework of 3.48 trillion baht, 130 billion more than the earlier framework set by the previous administration of 3.35 trillion baht. This adjustment includes a new estimate of government revenue of 2.79 trillion, 30 billion higher than the previous estimate of 2.76 trillion baht. The borrowing to offset the budget deficit has also increased from 593 billion baht to 693 billion…

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