Today, the House of Representatives will consider the draft. The budget spending law for fiscal year 2024 has a budget of 3.48 trillion baht. Drafting of the law has been delayed for months. According to the timeline, until the 2024 budget is used, which may be in May, the opportunity to use the investment budget will be lost for several months.
The draft budget for 2024 has a budget of 3.48 trillion baht: 1. Current expenditures are 2.53 trillion baht, which is 72.7 percent of the budget amount. 2. Expenses for repayment of treasury balance 118,361 million baht 3. Investment expenses 717,722 million baht 4. Expenses for repayment of loan principal 118,320 million baht
Classified by ministry, the top 5 ministries with the highest budget are: Ministry of Interior 353,127 million baht, Ministry of Education 328,384 million baht, Ministry of Finance 327,155 million baht, Ministry of Defense 198,320 million baht, Ministry of Transport 183,635 million baht, with central budget expenditures of 76606 million.
The overall outlook for the Thai economy is expected to expand by 2.7-3.7 percent in 2024, supported by a healthy expansion of domestic demand, the budget document said. Continued recovery of the tourism sector and a return to export expansion. However, there is still a risk of a severe recession in the global economy. This means the Thai economy will expand less than expected. The confidence of investors and credit rating agencies, including climate fluctuations, can affect financial and financial sectors as well as the real economy.
Let's follow and see how the government will explain about the preparation of the budget today. Is it consistent with the stated policy in Parliament? And how will the opposition scrutinize the preparation of the budget? Do you have any helpful suggestions?
The Progressive Party this time proposed the topic of budget preparation: “What crisis is this? Why is the budget being prepared like this?” mentioned that. The government allocated a reduced budget to local administrative bodies. In the 2023 budget, the ratio was 29.8%, but in the 2024 budget, this ratio was reduced to 29.1%, and the budget of the Ministry of Defense increased by 2%. The Pew Thai Party previously campaigned to cut the defense budget by 10%
List of Members of Parliament Ms. Sirikanya Dhansakul Vice President of the Progressive Party He said that the government and the Pew Thai Party have not made any effort to prepare a budget to face various crises. Although the Pheu Thai party mentioned 3 crises earlier, namely local economic crisis constitutional crisis conflict crisis the society acknowledges that there are other crises such as education crisis human resource crisis environmental crisis but no funds have been allocated in the budget to solve the crisis.
Sirikanya informed that many budget items have gone missing. A financial crisis stimulates the economy as many would like to see. But I don't see any way to stimulate the economy. You will have to wait to see the digital wallet plan on the day of release. As for the budget for the Debt Act referendum, only half was set. We still don't know what the actual timeline is and whether the allocated budget is sufficient or not.
Ms. Sirikanya also said that many people expect a change in the government in the next 9 years. Budget will be allocated in new ways. To carry forward the policies promised to the people, but entering the 10th year we are still faced with the same old work. Unchanged from the previous government.
This is also a scene from the movie, an example of a progressive party that has done its homework well in a short amount of time. I hope that the opposition party number 2, the Democratic Party, will be able to fulfill its duties fully. Prove your skills to regain trust. But be careful not to get angry if you insist on horse-riding in the camp waiting for the right time to join the government.
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