Agencies keep budget disbursement going

Agencies keep budget disbursement going

Government agencies adopting work-from-home measures and overlapping work hours to prevent infections have not affected fiscal 2021 budget disbursement, says the Comptroller-General's Department.

"There are no effects on budget disbursement, with government agencies still able to disburse money through the government's fiscal management information system [GFMIS] as usual," said Poomsak Aranyakasemsuk, the department's director-general.

The GFMIS is an electronic system designed to manage public finance, state budget and treasury reserves, among others, in an integrated manner.

The Comptroller-General's Department is working on accelerating disbursement in various government agencies by setting up a working committee to oversee fiscal 2021 budget disbursement, both for the central budget and budgets allocated to 76 provinces across the country, said Mr Poomsak.

Accelerating contracted projects under the fiscal 2021 budget and investment expenditures are intended to inject capital into the economy at a faster pace, he said.

Public expenditure, one of the main engines that sustained Thailand's economy last year, is anticipated to be revised down, driven mainly by the lower-than-expected fiscal year 2021 annual budget and the carryover budget as well as a reduction and postponement of state-owned enterprise investment, according to the latest edited minutes by the Bank of Thailand's Monetary Policy Committee.

In the first quarter of fiscal 2021 (starting Oct 1), 257 million baht in public spending was disbursed, up 5.6% year-on-year.

The overall budget of fiscal 2021 tallied at 3.3 trillion baht, 1 trillion, or 31.1%, has been disbursed.

Do you like the content of this article?
COMMENT

New Czech president expected to foster EU, Ukraine ties

PRAGUE: Newly-elected Czech president Petr Pavel, a former NATO general, will promote close ties with the European Union and offer firm support for Ukraine in the face of the Russian invasion, analysts said.

29 Jan 2023

Indonesian leprosy survivor crafts new limbs for shunned villagers

When Ali Saga visited a clinic in Jakarta four decades ago, he watched as patients and health workers scrambled to get away from him.

29 Jan 2023

At least 51 killed in twin Pakistan transport tragedies

At least 51 people were killed in two separate transport accidents in western Pakistan on Sunday, when a bus plunged off a bridge and a boat carrying a class of children capsized.

29 Jan 2023