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Cabinet to endorse Bt3.2 trillion budget for 2020

Cabinet to endorse Bt3.2 trillion budget for 2020

14 Sept 17:59 Key points summarised by AI
  • Thailand's Cabinet is set to endorse a Bt3.2 trillion budget for fiscal year 2020, projecting a Bt450 billion deficit.
  • This proposed budget represents a Bt200 billion increase from 2019, largely aimed at fulfilling the new government's election promises, including welfare and farm assistance programs.
  • Despite delays caused by the change in government, the budget is anticipated to take effect in January 2020, with provisions for retroactivity to October 2019.
  • Funding for the budget will primarily come from taxes, infrastructure development, public-private partnerships, and a reduction in non-essential government spending.
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