Prayut tells agencies to prime the pump
Written by bkvoice, September 29, 2014
Prime Minister General Prayut Chan-o-cha has vowed to stimulate Thailand’s economy in the first quarter of fiscal 2015 with a budget of 1.2 trillion baht.
General Prayut said yesterday after meeting with high-ranking officials that all state agencies must speed up disbursement of the outstanding budget for fiscal 2014, worth roughly 160 billion baht, within the first quarter of fiscal 2015, which begins next Wednesday.
The premier told a cabinet meeting on Tuesday that the government would accelerate spending, especially on small-scale projects, in a bid to boost the economy during the last quarter of this calendar year.
The fiscal-2015 budget amounts to 1.26 trillion baht, with 160 billion in leftover budget from fiscal 2014 and 1.1 trillion to be allocated in the fiscal year to come.
General Prayut said the government was also committed to boosting exports, improving the quality of life for all people and promoting meetings, incentives, conferences and exhibitions activity.