Thailand: FPO seeks buffer for spending delay

• The Fiscal Policy Office (FPO) is calling for measures to cushion against a postponement of state investment worth THB70bn to THB80bn stemming from delays in the 2020 budget expenditure for 3-4 months.
• The suggestions include front-loading spending for seminars and other activities or investment during 4Q19 to prevent a cool-down during that period.
• Although a draft bill on 2020 budget expenditure has been approved by the military-led government, it still needs to be vetted by lawmakers.
• State expenditure for FY20 is set at THB3.2tr, up THB200bn from FY19, with a budget deficit of THB450bn, equal to that of FY19.

External Link: https://www.bangkokpost.com/business/1696472/fpo-seeks-buffer-for-spending-delay