The Budget Bureau plans to set up the first long-term fiscal framework for the next two decades to be used as a tool for government budget planning.
The 20-year expenditure framework will align with the government's 20-year national strategy, which covers the economy, society, natural resources, the environment and national security, said Somsak Chotrattanasiri, director-general of the bureau.
The framework will include a medium-term fiscal plan for four to five years and a one-year plan, he said.
The long-term fiscal framework will be a guideline for governments in planning future budgets, allowing them to gauge whether expenditures will affect fiscal sustainability.
Apart from the framework, the bureau will raise the efficiency of budget expenditure management by installing a new information technology system, amending the Budget Procedure Act and reorganising, said Mr Somsak.
The amendment will allow 7,851 local administrative organisations across the nation to become direct budget recipients, while the current act permits only state agencies and enterprises to receive budget allocations. These organisations now seek budget disbursements through the Local Administration Department.
He said the bureau will set up 18 units tasked with supervising local administrative organisation budgets, allowing them to be budget recipients.
The bureau sought approval from the Office of the Public Sector Development Commission to set up the 18 units, but only 11 were approved, said Mr Somsak. The bureau will establish seven internal units, he said.
In addition to supervision, the units will be responsible for monitoring the budget management of the organisations and evaluating their spending performance, said Mr Somsak.
He recently said the amendment will widen the finance minister's power to allocate treasury reserves for emergency requirements to 50 billion baht, up from 100 million.
The bureau also plans to build a new 30-storey office headquarters.