Showing 1 - 10 of 18
Government moves to rev up fiscal 2026 spending
Business, Wichit Chantanusornsiri, Published on 17/03/2026
» As disbursement of the investment budget in the first five months of fiscal 2026 remains below target, caretaker finance minister Ekniti Nitithanprapas has instructed all ministries to prepare monthly disbursement plans to accelerate spending and ensure they meet their targets.
The thorny issue of digital wallet funding
Business, Wichit Chantanusornsiri, Published on 25/04/2024
» The coalition government led by Prime Minister Srettha Thavisin made a significant pivot on its flagship scheme, which aims to hands out 10,000 baht each to 50 million Thais via a digital wallet, shifting from government borrowing, which drew sharp criticism and raised concerns about potential violations of financial and fiscal discipline regulations.
State borrowing to fund digital wallet plan
Business, Wichit Chantanusornsiri, Published on 09/01/2024
» Thailand will be able to borrow to finance its 500-billion-baht digital wallet handout scheme in accordance with Section 53 and 57 of the 2018 State Fiscal and Financial Discipline Act, following an endorsement by the Council of State, says Julapun Amornvivat, the deputy finance minister.
Govt will continue to subsidise energy prices, says finance minister
Wichit Chantanusornsiri, Published on 31/08/2022
» The government will continue to use tax measures to subsidise high energy prices throughout this year, with the aim of easing the high cost of living, Finance Minister Arkhom Termpittayapaisith said on Wednesday.
Revenue collection likely to exceed B2.4tn target
Business, Wichit Chantanusornsiri, Published on 29/08/2022
» The government's revenue collection in fiscal 2022, which ends on Sept 30, is expected to beat the target by 40-60 billion baht, says Krisada Chinavicharana, permanent secretary for finance.
0.25% GDP boost sought from stimulus
Business, Wichit Chantanusornsiri, Published on 30/09/2020
» The government's consumption stimulus measures and 50:50 co-payment scheme are expected to get 81 billion baht circulating through the economy, boosting the country's GDP by 0.25%, says the Finance Ministry.
PDMO: Cabinet-endorsed credit line for potential public debt
Business, Wichit Chantanusornsiri, Published on 21/08/2020
» The cabinet's recent endorsement to approve an additional loan of 214 billion baht to compensate for the budget deficit is intended as a credit line in case public expenses exceed revenue, says the Public Debt Management Office (PDMO).
Uttama: Budget bill has B400bn for investment
Business, Wichit Chantanusornsiri, Published on 21/02/2020
» State investment worth over 400 billion baht is expected to be pumped into the economy in the second quarter after the passage of the delayed 3.2-trillion-baht annual budget bill for fiscal 2020, says Finance Minister Uttama Savanayana.
Mid-year funds available for more stimulus
Business, Wichit Chantanusornsiri, Published on 17/02/2020
» A mid-year budget worth 100 billion baht is available for the government to finance new economic stimulus measures while the fiscal 2020 budget is held up, says a senior official at the Finance Ministry.
Finance Ministry looks for budget stopgap
Business, Wichit Chantanusornsiri, Published on 27/01/2020
» The Finance Ministry is considering the possibility of borrowing under the Public Debt Management Act to finance new state investment projects in case the 3.2-trillion-baht budget expenditure for fiscal 2020 hits further snags.