The Thai government is planning a fiscal 2023 budget worth 3.185 trillion THB (about 95 billion USD), with a deficit of 695 billion THB for the fiscal year, which starts in October 2022.
Scene taken in Bangkok, Thailand in December 2018 (Source: AFP/VNA)
Bangkok (VNA) - The Thai government is planninga fiscal 2023 budget worth 3.185 trillion THB (about 95 billion USD), with adeficit of 695 billion THB for the fiscal year, which starts in October 2022.
According to Chalermphol Pensoot, director of the BudgetBureau, the budget was approved at a meeting held on December 23 between PrimeMinister Prayut Chan-o-cha and four economic agencies - the Finance Ministry,the Budget Bureau, the National Economic and Social Development Council and theBank of Thailand.
The planned deficit is 5 billion THB, or 0.71 percent, lowerthan in fiscal 2022. The framework also aims for 3.2-4.2 percent growth in2023, 2.9-3.9 percent in 2024, and 2.8 percent-3.8 percent in 2025 and 2026.
Chalermphol said details of the fiscal 2023 budget, to bepresented to the cabinet meeting on January 4, is in line with Thailand’s 20-yearnational strategic plan, 13th national economic and social development plan(2023-2027), and the government's medium-term fiscal policy framework for2023-26, which was approved by the cabinet on December 21.
The fiscal 2022 budget, beginning on October 1 this year,totalled 3.10 trillion THB, with a deficit of 700 billion THB, up by 91 billionTHB, or 15 percent higher than fiscal 2021./.
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Scene taken in Bangkok, Thailand in December 2018 (Source: AFP/VNA) 
