Finances are required for “essential assets.”
State agencies have been instructed by the government to reduce unnecessary costs so that money may be diverted for important purchases that will boost economic growth.
According to government official Chai Wacharonke, Srettha Thavisin, prime minister, the national resources must be spent in a way that promotes common welfare and promotes the country’s development.
Mr. Srettha was informed by the House committee tasked with vetting the 2024 budget expenses and other divisions that their fixed costs are higher than investment budgets when Mr. Chai said at a March 3 cabinet meeting that Mr. Srettha’s fixed expenses are higher than expenditure budgets.
He claimed that Mr. Srettha had informed deputy prime ministers that he planned to incorporate state agency operations for the upcoming fiscal year to prevent duplication of resources.
According to Mr. Chai,” the prime minister even advised all state agencies to think about lowering unnecessary costs like those incurred during PR, training, travel, and vehicle rental.” Additionally, they were instructed to reduce new hires, send documents online, and hold online meetings more frequently.
According to Mr. Chai,” They are allowed to recruit]new civil servants only when required, in accordance with regulations and requirements set by the Office of the Civil Service Commission,” adding that the government on Thursday approved the prime leader’s training.
Additionally, Mr. Srettha emphasized that investment is necessary for the business, agrarian, and manufacturing sectors, as well as for transportation, logistics, and clean and green power. According to the spokesman, these measures are intended to improve the country’s competitiveness in the world economy in accordance with the country’s economic standing and financial circumstances.
The Secretariat of the Prime Minister announced a purchasing job worth about 138 million ringgit on March 1st, according to a Government House source.
The initiative, which will be completed in the current 2024 fiscal year, includes upgrading the grounds ‘ back yard at a cost of about 498, 000 baht, purchasing computer technology at a cost of about 4.3 million baht, and upgrading the government’s main site at a cost of five million baht.
The initiative also includes hiring providers to deploy nine hand-woven wool carpets at a cost of more than 10 million baht, purchasing products for the creation and installation of a computer security program that will cost 58 million rmb, and purchasing a smoke detection system that will cost 32 million ringgit, according to the source.
Following a pause brought on by the change from the prior to the current state, the second and third observations of the 2024 governmental budget bill will take place on March 20 and 21. On April 9, the latest legislative session is scheduled to come to an end.
Prior to this, the opposition referred to the 3.48 trillion bass budget bill for governmental 2024 as a “lame duck” and complained about the unclear language used to explain its spending goals and its possible inefficiency, among other things.
2.53 trillion baht is used for fixed state monthly expenditures, accounting for 72.8 % of the total budgeted paying, out of which 2.5 trillion is allocated. Another 118.36 billion baht ( 3.4 % ) is designated to increase treasury reserves, 717.72 billion baht ( 20.6 % ) for investment spending, and 118.32 billion baht ( 3.4 % ) for loan repayment. 7.23 billion ringgit is used to pay back debts to state-owned enterprises.
The Interior Ministry sought 353 billion rmb, Education Ministry, 328 billion ringgit, Finance Ministry, 327 billion ringgit, Defence Ministry, 198 billion ringgit, and Transport Ministry, which requested 183 billion ringgit. The top five ministers received the highest distributions.