proper distribution of investment funds is necessary to resuscite the economy
PUBLISHED: 29 Jan 2025 at 18: 07
Since only 18 % of the purchase funds has been spent since the fiscal year began on October 1, Prime Minister Paetongtarn Shinawatra has requested that state firms accelerate the distribution of the funds.
Ms. Paetongtarn expressed concern about the distribution rate, which was lower than expected, during a conference on Wednesday with older officials, including lasting secretaries.
She claimed that more proper funding may encourage economic growth, especially now that 3 million senior citizens will receive the second phase of the 10,000-baht money handout this week.
The governmental 2025 expenditure of 3.75 trillion ringgit took effect on Oct 1, with an investment resources of 900 billion bass finance for 24.2 % of total costs.
Ms. Paetongtarn stated that all ministries were given the task of establishing project priorities for the 2026 fiscal year in order to maintain funding requests were correctly prepared and cost-effective.
She also shared three crucial topics with the audience this time: regional cooperation to combat sand waste, the 50th anniversary of Thai-Chinese political relations, and drug smuggling and crime.
She said that a proposed change to the executive order to combat tech crime would boost enforcement efforts.
A constitutional amendment that would penalize economic institutions, telecom, and social media companies for losses resulting from call center scams was approved by the cabinet on Tuesday.