BANGKOK, July 16-Relieve concerns about the slowing economy during the government crackdown. The treasury is preparing a plan to push money into the system as instructed by the Prime Minister. Spend the budget to take care of the economy according to the law. does not affect welfare payments for vulnerable groups
Ms. Traisulee Trisoranakul, Deputy Spokesperson for the Prime Minister’s Office, said that since the government is now in the process of transitioning And many parties, especially the business sector, have expressed concerns that there will be a delay in the implementation of the Fiscal Year 2024 Budget Act and affect the overall economy of such concerns. The Ministry of Finance has already prepared a plan to take care of the economy. which is according to Gen. Prayut Chan-o-cha, Prime Minister and Minister of Defense, has instructed relevant agencies to jointly drive the work according to the mission, even during the acting government. Especially on the economic side, the continuity of the recovery must be maintained. In terms of the budget, it must be spent in accordance with what the law allows. and does not affect the welfare of vulnerable people
Ms. Traisulee said that the Ministry of Finance has prepared a 3-part work plan that will drive money into the economy during the government connection, consisting of part 1 budget expenditure in the regular expenditure. and adjust disbursement items quickly from originally disbursing at the end of the fiscal year to disbursing at the beginning of the fiscal year, such as training and seminar budgets
In this part of the regular expenditure budget The Budget Procedure Act B.E. Delayed Expenditure Budget Act can be used. The previous year’s Budget Act (in this case, using the 2013 Budget Act) can go for the time being. The ability to spend the regular expenditure budget includes welfare budgets such as the state welfare card.
“The Ministry of Finance reiterates that Even if the case If the budget Act 67 is delayed, it will not affect the payment to the state welfare card. since it is a regular expenditure budget and already has money from the state welfare fund The part that will delay and wait for the new government will be only part of the new investment budget, ”said Ms. Traisulee.
The Deputy Spokesperson for the Prime Minister’s Office said that part 2 that the Ministry of Finance had prepared was Expedite the disbursement of about 50 state-owned enterprises for investment. From the total investment budget of about 500 billion baht, it is expected that there will be a part that can move investment faster and disburse first (Front Load) about 50 billion baht.
Part 3 requires state financial institutions to expedite lending according to projects that have already been approved for operation. Which still has a limit of about 70,000 million baht
Ms. Traisulee said that the Prime Minister has instructed that all agencies must drive their mission without stopping or who is in idle gear. because the country must stop walking Both the caretaker government and government agencies must jointly hand over work to the next government seamlessly. The plans prepared by the Ministry of Finance are part of maintaining such continuity. to create both money circulating in the economy and reduce the impact on economic growth
For the year 2024 budget that has already been approved by the cabinet and waiting for the new government to come in and proceed with the budget process, there is a budget of 3.35 trillion baht, divided into 2.49 trillion baht in regular expenditures, 717 billion baht in investment expenditures, and payment expenditures. Repay loans of 117 billion baht, expenditures to repay the treasury balance of 33.7 billion baht.-Thai News Agency
Source: Thai News Agency