budget
- Thailand News
Thailand approves 3.75-trillion-baht budget for 2025 fiscal year
Thailand’s House of Representatives approved the 3.75-trillion-baht budget bill for the 2025 fiscal year late yesterday with 311 votes in favour, 175 against, and two abstentions. A special 72-member House committee has been established to scrutinise the bill, consisting of 18 Cabinet representatives and 54 members from both government and opposition parties. This committee will convene its initial meeting tomorrow…
- Thailand News
Budget deficit: Government to unveil new economic measures
Amidst budget deficit concerns, the government will introduce new measures to boost the struggling economy next week, Prime Minister Srettha Thavisin announced today. Discussions about economic stimuli and the stock market were held with Finance Minister Pichai Chunhavajira yesterday evening. “A significant announcement on short-term, medium-term, and long-term measures will be made tomorrow or the day after.” When asked if…
- Thailand News
MFP urges budget reform, reassures public with its scrutiny efforts
In a heated budget debate, the Move Forward Party (MFP) claims a significant victory in its relentless scrutiny of the 2025 budget. Party leaders assure the public that their meticulous examination has met expectations, confident that their efforts won’t disappoint. Natthapong Rueangpanyawut, a party-list MP from MFP, highlighted a pressing issue during the debate: the need for fundamental budgetary reform.…
- Thailand News
Thailand unveils 3.75 trillion baht budget bill to boost economy
As the House of Representatives kicked off a three-day debate, Prime Minister Srettha Thavisin introduced a 3.75 trillion baht budget bill for the 2025 fiscal year, aimed at revitalising Thailand’s sluggish economy. Simultaneously, he remains focused on advancing the digital wallet scheme. The budget intends to stimulate economic growth, with forecasts suggesting an increase of 2.5% to 3.5% in 2025…
- Thailand News
Increased rainfall unlikely to cause 2011-like floods, says ONWR
Increased rainfall expected in the coming weeks due to the La Nina phenomenon is unlikely to lead to a repeat of the devastating 2011 floods, according to the Office of the National Water Resources (ONWR). ONWR Chief Surasee Kittimonthon confirmed that weather reports predicting less frequent rain this year suggest a low likelihood of major flooding similar to the 2011…
- Thailand News
Ministry seeks 1billion baht tourism budget for new routes
The Ministry of Tourism and Sports plans to request a 1 billion baht budget from the central emergency reserve fund to develop new tourism routes linking major cities to 55 notable destinations in a move to establish long-term tourism strategies. The proposed budget aims not only to organise events but to also develop new tourism routes and enhance infrastructure. Specifically,…
- Thailand News
Thailand investment budget hits nearly 40% in third quarter
Government investment budget disbursement in the third quarter of this fiscal year surged to almost 40%, nearly doubling the set target due to accelerated disbursement measures, according to Finance Minister Pichai Chunhavajira. After chairing a meeting of the Budget Disbursement and Public Spending Acceleration Committee, Pichai stated that the swift allocation of the government investment budget has facilitated a quicker…
- Business News
Thailand Cabinet boosts 2024 fiscal budget by 122 billion baht
The Thai Cabinet approved a plan to increase the 2024 fiscal budget by 122 billion baht to support its delayed household stimulus scheme, Deputy Finance Minister Paopoom Rojanasakul today announced. This adjustment will raise the new budget to 3.6 trillion baht, representing a 13% increase from the previous year, with the deficit swelling to 805 billion baht. The government’s decision…
- Politics News
BMA’s waste management strategy saves 141 million baht
BMA is pleased with the No, Pouring In project, a budget reduction of 141 million baht, visiting the Khlong Toei Market area to meet the services that are managing 18 tonnes of vegetable scraps. Aekvarunyoo Amrapala, BMA Spokesperson and Assistant Secretary to the Governor of Bangkok, along with the director of Khlong Toei District visited the area to meet with…
- Guides
Budgeting for beginners
The 50/20/30 rule is a beginner-friendly budgeting principle developed by Harvard economist Elizabeth Warren and her daughter Amelia Warren Tyagi. It breaks down income into three manageable categories. This approach ensures you cover essentials, save for the future, and enjoy life’s pleasures without guilt. It offers a clear path to financial stability and peace of mind. If you’re unsure where…
- Automotive
10 essential questions to ask before buying a car in Thailand
Embarking on the endeavour to purchase a vehicle in Thailand presents both exhilarating opportunities and formidable challenges, particularly for those who are unacquainted with the local market and its distinctive characteristics. Whether one is an expatriate residing in Thailand or a native entering the dealership for the initial time, possessing knowledge of pertinent inquiries can significantly mitigate complications and facilitate…
- Tourism News
Thai tourism industry supports reintroduction of 300 baht tourist fee
Tourism industry stakeholders in Thailand voiced their support for the reintroduction of a 300 baht fee for incoming tourists, viewing it as crucial for generating funds for tourism development. The Tourism Council of Thailand (TCT) intends to discuss the project’s necessity with Sermsak Pongpanich, the incoming tourism minister. Surawat Akaraworamat, TCT’s Vice President, said that the Thai Chamber of Commerce…
- Guides
10 Signs you’re spending money wrong
In a world where the allure of instant gratification often overshadows the virtue of financial prudence, it’s alarmingly easy to fall into the trap of mismanaging one’s finances. The subtle art of spending money wisely is lost on many, leading to a cycle of financial strain that seems inescapable. Recognising the signs of poor spending habits is the first step…
- Business News
Thai government increases 2025 budget deficit for economic boost
The Government of Thailand has sanctioned a rise in the 2025 budget deficit by an extra 153 billion baht, to instigate an economic boost. As a result, the budget will increase to 3.752 trillion baht, a significant hike from the previously planned 3.6 trillion, according to Chalermphol Pensoot, the Budget Bureau director at the Ministry of Finance. The budget deficit…
- Business News
Comptroller-General Department tackles budget disbursement delay
The Comptroller-General’s Department is working to resolve the impediment in hastening budget disbursement, with a focus on speeding up budget funding into the economy for the fiscal year 2024. Director-General of the department Patricia Mongkhonvanit revealed that the delay in budget disbursement is majorly due to the high volume of appeals submitted by unsuccessful bidders for government projects. Each appeal,…
- Thailand News
Scandal hits Government House with 500,000 baht lawn
The eagerly awaited overhaul of Government House’s front lawn, allegedly costing a staggering 498,352 baht, is on the brink of completion, according to insider sources. An informant disclosed that Green Value Co Ltd clinched the lucrative project due to its unbeatably low bid among three contenders. Utilising Paspalam grass, renowned for its resilience in scorching climates and durability against heavy…
- Business News
Thai government’s revenue collection could fall short in 2024
Deputy Finance Minister Krisada Chinavicharana expressed concerns that the government’s revenue collection for fiscal 2024 might not surpass the target, unlike the 174 billion baht (US$4.8 billion) surplus witnessed the previous year. This was announced at the Outstanding Revolving Fund Award event held yesterday. The government has projected an expenditure budget of 3.48 trillion baht (US$96 billion) for fiscal 2024,…
- Business News
PDMO to sell 100 billion baht savings bonds for budget deficit funding
The Public Debt Management Office (PDMO) announced plans to sell 100 billion baht (US$2.78 billion) worth of savings bonds within the fiscal year to finance the budget deficit. The initial issue, valued at 40 billion baht (US$1.1 billion), will be offered next month, according to the director-general of the PDMO, Patchara Anuntasilpa. The first tranche of savings bonds for the…
- Thailand News
Thailand’s agriculture ministry seeks triple budget increase to boost farmer income
A request for a substantial budget increase to 411 billion baht for the upcoming fiscal year has been put forward by Thailand’s Ministry of Agriculture and Cooperatives. The proposed budget, which is over three times larger than the previous year’s allocation, aims to triple the income of farmers within the next four years. Chantanon Wannakejohn, serving as the Secretary-General to…
- Thailand News
Saraburi’s new police station faces scrutiny over service gaps
A newly constructed police station at Hin Kong, Nong Khae, Saraburi, despite having a 10 million baht (US$279,466) budget, faces criticism for not providing police services to residents. Police Colonel Surachet Saenwong Na Ayutthaya, the chief of Nong Khae Police Station, responded to the concerns, explaining the situation and the steps being taken towards a resolution. Villagers in the Hin…
- Search Engine Marketing (SEM)
Smart budget content marketing: Tips & strategies
Crafting a content marketing strategy that’s both effective and budget-friendly can feel like a high-wire act. You’re aiming to strike the perfect balance between engaging your audience and managing your resources. If you’re wondering where to set your spending, you’re not alone. On average, businesses allocate 25-30% of their marketing budget to content marketing. But it’s not just about how…
- Thailand News
Thai land bridge megaproject to include compensation fund
Transport Minister Suriya Jungrungreangkit announced that the appointed contractor for the upcoming southern Land Bridge megaproject will have the responsibility of creating a fund dedicated to compensating those who will be affected by the construction. This move comes following a Cabinet visit to Ranong province, where concerns were raised by locals about potential losses and displacement due to the massive…
- Thailand News
Democrat Party’s dwindling popularity prompts talks of new political formation
The Democrat Party is grappling with dwindling popularity as internal disputes have left it in a state of chaos. The party, known for its astute opposition role, recently reviewed the government’s budget bill for 2024 in a parliamentary debate. However, the past few years have seen the party suffer from various setbacks, including the departure of experienced party members and…
- Business News
Thai Cabinet ratifies 3.6 trillion baht budget for fiscal year 2025
The Thai Cabinet ratified a 3.6 trillion baht budget for the fiscal year 2025. This sees an expansion of the budget deficit to 713 billion baht, a 2.89% increase from the previous year. The new budget was approved by the Cabinet on Tuesday, following its presentation by the Budget Bureau. It was announced by the Deputy Government Spokesperson, Rudklao Suwankiri.…
- Thailand News
Srettha promises to save Thailand from fiscal chaos
In a parliamentary revelation yesterday, January 5, Prime Minister Srettha Thavisin admitted that his government had inherited the controversial fiscal 2024 budget and was scrambling to make necessary improvements. Opposition MPs, particularly from the Democrat Party, unleashed a barrage of complaints, alleging unfair budget allocations that left southern provinces in the lurch. PM Srettha found himself in the hot seat…
- Politics News
Thailand’s opposition questions rising military budget amid promised reforms
Opposition parties in Thailand expressed concern over the budget allocations for the country’s military, arguing that these contradict the Pheu Thai Party’s commitment to reform and downsize the armed forces. The concerns were voiced during a debate on the 2024 budget bill, with Aekkarat Udomamnuay, an MP with the Move Forward Party (MFP), questioning the Defence Ministry’s request for 198…
- Thailand News
Government’s budget blunder: MFP MP slams 3.5 trillion baht bill
In a fiery critique that rocked the House of Representatives, Move Forward Party (MFP) MP Sirikanya Tansakun aimed at the government‘s 3.48-trillion-baht budget for 2024, labelling it a masterpiece of unprofessional blunders. On the opening day of the budget bill’s inaugural reading, Sirikanya, the deputy leader of MFP, unleashed scathing criticism, claiming that the government had failed to craft a…
- Economy News
Thailand’s delayed 2024 budget bill presented in Parliament
The delayed budget bill for this year, amounting to 3.48 trillion baht (US$101.52 billion), was presented today by Prime Minister and Finance Minister Srettha Thavisin in the House of Representatives. This event marked the start of a three-day debate among lawmakers. PM Srettha emphasised the importance of the budget to Parliament. “The budget is crucial in moving the economy forward.”…
- Thailand News
Thai prime minister ready for key 2024 fiscal year budget bill debate
Thailand Prime Minister Srettha Thavisin confidently announced yesterday his readiness to participate in the upcoming debate on the 2024 fiscal year budget bill. The discussions are set to kick off tomorrow, January 3. PM Srettha revealed that a series of discussions with coalition partners in preparation for the debate had taken place before the new year holiday. The primary aim,…
- Thailand News
Thai government’s budget bill for 2024 fiscal year under scrutiny
The Thai government’s budget bill for the fiscal year 2024 is under scrutiny as Sanphet Boonyamanee, a Democrat MP for Songkhla, raises concerns over major budget cuts and potential misrepresentation of off-budget funds. He reveals that despite the government’s request for 3.48 trillion baht (US$ 99,917,725,200) for the 2024 fiscal year, state agencies had initially asked for up to 5.8…
