Dec 27, 2023
Thai Prime Minister announces approval of 2024 budget bill
Prime Minister Srettha announces the 2024 budget bill, which has a 9.3% increase from 2023, totaling 3.185 trillion baht. The bill includes allocations for fixed expenditures, treasury reserves, investments, and loan paybacks. The government plans a 693 billion baht loan to cover the deficit, with projected revenue of 2.787 trillion baht and a GDP of 19.02 trillion. The House and Senate have scheduled readings and the bill is expected to receive royal approval by April 17.