The Comptroller-General's Department is drafting a plan to push state agencies to accelerate spending to support momentum for economic growth.
Comptroller-General Manus Chamveha said the department will monitor budget disbursement by state agencies throughout the year and take a proactive approach in encouraging other agencies to move forward with their spending programmes.
According to the department, about one-quarter of the 200-plus government agencies have a poor track record in spending their budget on schedule.
Mr Manus said the department will contact the heads of agencies to alert them about the problems and encourage them to address any internal obstacles to ensure spending was made on schedule.
The fiscal 2013 budget ending Sept 30 calls for expenditure of 2.4 trillion baht, with a disbursement target of at least 94%.
For investment items, the government wants state agencies to disburse at least 80% of their budgeted funds.
The budget, which calls for a deficit of 300 billion baht, allocates 79.2% of total funds to current expenditure, primarily civil service salaries.
Investment items account for 18.7% of the budget, with debt service items accounting for another 2.1%.
For provincial development spending, 10 of the 77 provinces have been found to have a poor track record in their budget management: Mukdahan, Lop Buri, Buri Ram, Lamphun, Amnat Charoen, Khon Kaen, Prachin Buri, Nakhon Nayok, Chachoengsao and Samut Prakan.
For the fiscal year to date, from Oct 1 to this month, agencies have disbursed 25% of the total budget, with 14% of investment funds spent.
Treasury funds stand at 230 billion baht, a level that officials say is sufficient for current cash flow needed by the government.
The Comptroller-General's Department expects to finalise a plan this month for better management of cash holdings for the government.
This will include a possible proposal to amend the law to allow the government to deposit funds in interest-bearing accounts with local banks.
About the author
- Writer: Wichit Chantanusornsiri
Position: Business Reporter