Cabinet Approved 3.2 Trillion Baht Worth National Budget Plan 2019.
Increased 200 Billion Baht compared with 2018’s.
8-1-2019–Today cabinet meeting approved the deficit budgeting policy for fiscal year 2019.The structure of the expenditure budget comprised of
1) Current Expenditure Budget worth 2.3584 trillion Baht accounted to 73.7% of the over all budget, less than 75.8 % of last year’s.
The Current Expenditure Budget of fiscal year 2019 is 85.754 billion baht ( 3.8%) higher than last year’s .
2) The expenditure to compensate the treasury worth 62.7095 billion Baht accounted to 20% of the over all budget and 100% higher than last year’s.
3) The investment budget worth 691.2 billion Baht , which is 6.5% or 42.0618 billion Baht higher than last year’s.The investment budget is accounted to 21.6% of the over all budget as same as last year’s
4) The expenditure for pay back loan’s principle worth 87.680 billion Baht, 12.1% or 9.4745 billion Baht higher than last year’s. This expenditure is accounted to 2.7% of the over all budget higher than last year’s which was set at 2.6%.
The national fiscal budgeting structure set the net revenue at 2.75 trillion baht.The budgeting is accounted to 450 billion baht in deficit, equal to last year’s and accounted to 2.4% of of Gross National Product (GNP) lower than 2.6% of last year’s.
The expenditure flame of 3.2 trillion Baht is equal to the middle term of national financial plan (Fiscal year 2020-2022) which cabinet approved on 25 December 2018, while the amount of investment spending budget and the budget for returning principle of loan are in the ratio under the State Financial Discipline Act
B.E.2018.
