Cabinet gives the nod to B3.3tn fiscal budget bill

Cabinet gives the nod to B3.3tn fiscal budget bill

Government spokeswoman Narumon Pinyosinwat
Government spokeswoman Narumon Pinyosinwat

The cabinet on Tuesday approved a bill for the fiscal 2021 budget of 3.3 trillion baht which will be tabled to parliament, government spokeswoman Narumon Pinyosinwat said.

Under the bill, the central fund in fiscal 2021 budget is set at 614.6 billion baht while expenditure for state agencies is set at 1.13 trillion baht.

Expenditure for integration is set at 257.8 billion baht whereas expenditure for public sector personnel is set at 776.8 billion baht.

Expenditure for revolving funds is set at 221.9 billion baht and that for management of public debt at 293.4 billion baht.

Ms Narumon said that the cabinet also agreed to the establishment of a 64-member committee assigned to scrutinise the budget bill.

Of the 64 committee members, 16 of them including Deputy Finance Minister Santi Promphat and permanent secretary for finance Prasong Poontaneat, will be appointed by the cabinet while 27 will be government MPs and 21 will come from opposition parities, Ms Narumon said.

The budget in fiscal 2021 starting on Oct 1 will focus mainly on social and economic restructuring, economic growth stability, income redistribution to remote areas, local economy development and income disparity reduction.

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