Ministry upbeat on budget dispersals | Bangkok Post: business

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Ministry upbeat on budget dispersals

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The Finance Ministry remains optimistic that state enterprises’ investment budgets can help shore up the stuttering economy even though the government cannot yet fully disburse it, says a senior ministry official. 

E-auctions of the state’s big investment projects worth a combined 66 billion baht, representing 15% of the total 427 billion baht investment, have stalled on concerns that bids under a caretaker government may be unconstitutional.

The e-auctions of large-scale projects worth at least 100 million baht are typically subject to cabinet approval, said a senior official who declined to be named.

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