PM kicks off debate on Bt2.38 trillion budget
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Prime Minister Yingluck Shinawatra on Wednesday submitted the 2012 Budget Bill outlining Bt2.38 trillion spendings focused on populist policies and post-flooding recovery efforts.
The government has earmarked Bt120 billion for flood recovery and restoration spendings. The water management budget is at Bt40 billion.
Price intervention schemes for farming sector will cost Bt90 billion.
The budget deficit is projected at more than Bt400 billion, accounting for 3.4 per cent of gross domestic product. The 2011 fiscal year saw the deficit at 3.7 per cent of GDP.
The Nation
