Srettha assures 2024 budget bill fits economic situation

Srettha told the House that the fiscal 2024 budget bill would be a crucial tool of the government for driving policies that it has announced to Parliament.

He said the government had tailored the budget to the economic situation and the financial status of the country, as well as to national development strategies, master plans under those national strategies, the 13th national development plan, and the national security plan.

As of October end, the treasury balance, or cash on hand, of the government was 297.093 billion baht while the country had a strong level of foreign reserves of 211.75 billion US dollars. The reserves were 2.74 times higher than the country’s short-term international debt.