Economic growth in 2013 is projected at 5.2%, assuming public investment projects move forward as planned, according to the Fiscal Policy Office.
Kulya Tantitemit, a macroeconomic specialist for the FPO, estimated that disbursements for state investment programmes must reach 93% of the total budget for fiscal 2013 to support the growth forecast.
Spending on water management and flood prevention projects also should reach at least 100 billion baht to support growth, she said. The government earlier this year authorised 350 billion baht in water management programmes, with the condition that disbursement must be completed by mid-2013. In fiscal 2012 ending September, only 1 billion baht worth of borrowing for water management projects was authorised.
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