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House of Representatives meeting on the 2024 Budget Expenditure Act – Delays and Concerns about Allocation and Preparation

Today, the House of Representatives meeting will begin considering the draft. The Budget Expenditure Act for the fiscal year 2024 has a budget of 3.48 trillion baht. The drafting of the Act has been delayed for several months. from political problems during the government transition and still need to be re-adjusted to fit with the current government policy According to the timeline, until the 2024 budget is used, it will likely be in May, losing the opportunity to use the investment budget for several months.

The draft budget for 2024 has a budget of 3.48 trillion baht, consisting of: 1. Current expenses of 2.53 trillion baht, accounting for 72.7 percent of the budget amount. 2.Expenses to repay the treasury balance 118,361 million baht 3.Investment expenditures 717,722 million baht 4.Expenses to repay loan principal 118,320 million baht

If classified by ministry, the first 5 ministries that receive the highest budget are: Ministry of Interior 353,127 million baht, Ministry of Education 328,384 million baht, Ministry of Finance 327,155 million baht, Ministry of Defense 198,320 million baht, Ministry of Transport 183,635 million baht, while central budget expenditures are at 606,765 million baht.

In the budget document stated The overall outlook for the Thai economy in 2024 is expected to expand by 2.7–3.7 percent, supported by a healthy expansion of domestic demand. Continued recovery of the tourism sector and the return to expansion of exports. However, there is still a risk of a severe slowdown in the world economy. This may cause the Thai economy to expand lower than expected. including climate fluctuations and confidence of investors and credit rating agencies It may affect the financial and fiscal sectors and the real economy.

Let’s follow and see how the government will explain the budget preparation today. Is it consistent with the policy stated to Parliament? And how will the opposition dissect and examine the preparation of the budget? Do you have any helpful suggestions?

The Progressive Party prefaced the topic of budget preparation this time: “What kind of crisis is this? Why is the budget prepared like this?” and noted The government allocated a reduced budget to local administrative organizations. In the 2023 budget, the proportion was 29.8%, but in the 2024 budget, the proportion was reduced to 29.1%, including the Ministry of Defence’s budget which increased by 2%, even though the Pheu Thai Party had previously Campaign to cut defense budget by 10%

Ms. Sirikanya Tansakul, List of Members of Parliament Deputy Leader of the Progressive Party Gave an interview that The government and the Pheu Thai Party have made no effort to prepare a budget to meet the various crises. Even though the Pheu Thai Party previously referred to 3 crises, namely the local economic crisis Constitutional crisis conflict crisis While society agrees that there are other crises, such as Educational crisis Human resources crisis environmental crisis But we haven’t seen any budget allocation to solve the crisis.

Mr. Sirikanya said Many budget items have disappeared. An economic crisis that many people want to see stimulate the economy. But I don’t see any way to stimulate the economy. You have to wait to see the digital wallet project on the day it’s released. Loan Act As for the budget for the referendum, only half was set. We still don’t know what the real timeline will be and whether the allocated budget will be enough or not.

Ms. Sirikanya also said that Many people expect that in 9 years there will be a change in government leadership. Budgets will be allocated in new ways. To be able to drive forward the policies promised to the people, but entering the 10th year, we still encounter the same old work. Unchanged from the previous government.

It was also a showing of an example movie of the Progressive Party that had done its homework well under the limited time. I hope that opposition number 2, the Democrat Party, will be able to carry out its duties to the fullest. Prove your skills to restore faith. But if you insist on having a discussion like riding a horse along the camp Waiting for the right time to join the government Be careful of being booed.

2024-01-02 22:28:00
#House #Representatives #dissects #budget

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