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TUESDAY, October 04, 2022
Cabinet okays THB3.18 trillion draft budget

Cabinet okays THB3.18 trillion draft budget

WEDNESDAY, May 18, 2022

The Cabinet on Tuesday approved a draft budget of THB3.18 trillion for fiscal year 2023.

The draft will be proposed to the House of Representatives, said government spokesman Thanakorn Wangboonkongchana.

The budget includes a THB590.47 billion central budget, THB1.09 trillion for government agencies, THB218.47 billion for integration expenses, THB772.1 billion for personnel expenses, a THB206.98 billion working capital and THB306.6 billion for debt repayment.

Meanwhile, the Cabinet approved a water management plan for fiscal year 2023 worth THB334 billion.

Of this, THB159.22 billion has been allocated to the Agriculture Ministry, THB142.1 billion to the Interior Ministry, THB22.17 billion for the Natural Resources and Environment Ministry, THB6.27 billion for the Transport Ministry, THB2.13 billion for the Prime Minister’s Office, THB1.26 billion for the Defence Ministry, THB645 million for the Higher Education, Science, Research and Innovation Ministry and THB398 million for the Digital Economy and Society Ministry.

The Cabinet also approved a budget for publicising the Asia-Pacific Economic Cooperation summits, which Thailand will host this year.

Separately, the Cabinet gave the green light for the third phase of an action plan to improve the quality of life for the elderly between 2023 and 2037, and extend the operation of the Asean-Japan Centre for another five years until May 24, 2027.

The centre aims to boost the economic partnership between Asean and Japan through trade and investment promotion, skills and technology exchange and tourism.