Thai cabinet approves 3.18 trillion baht budget for 2023 fiscal year

Thai cabinet approves 3.18 trillion baht budget for 2023 fiscal year

23 Sept 05:32 Key points summarised by AI

The Thai cabinet approved a 3.18 trillion baht national budget for the 2023 fiscal year, representing a 2.74% (85 billion baht) increase over the current year.
The budget allocates 2.3 trillion baht for permanent expenditure, 695 billion baht for investments (a 13.59% increase), and 100 billion baht for debt repayments, with further streamlining and public hearings scheduled before parliamentary submission.

New home loan scheme aims to boost property sector with Bt125 billion

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.

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