Cabinet to consider Bt3 trillion budget proposal next month
In a meeting on Wednesday, key economic state agencies approved Bt3.11 trillion for the 2022 fiscal budget with a budget deficit of Bt700 billion, Budget Bureau director Dechapiwat na Songkhla said.
The 2022 budget plan will be submitted to the Cabinet on January 5, he added.
The state agencies attending the meeting were the National Economic and Social Development Council, Bank of Thailand, the Finance Ministry and the Budget Bureau. The meeting was chaired by Prime Minister Prayut Chan-o-cha.
The 2022 budget is 5.66 per cent or Bt186 billion less than that of the 2021 fiscal year.
The meeting based the budget on the assumption that Thailand will experience an economic growth of 3.5 per cent in 2022. The repayment of debt principal in 2022 is Bt100 billion, up by Bt1 billion from the Bt99 billion allocated in 2021.
