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.

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