Oc­to­ber dis­burse­ment solid

Bangkok Post - - BUSINESS - WICHIT CHANTANUSORNSIRI

The govern­ment got off to a good start as an­nual bud­get dis­burse­ment sur­passed the tar­get by al­most 5% and in­vest­ment bud­get dis­burse­ment fell short by a mere 1% in the first month of fis­cal 2018.

Dur­ing Oct 1-31, state agen­cies took out 413 bil­lion baht, rep­re­sent­ing 14.3% of the 2.9-tril­lion-baht an­nual bud­get, said Nilobol Waewwab­sri, deputy spokes­woman of the Comptroller-Gen­eral’s De­part­ment.

Of the to­tal dis­bursed bud­get, 381 bil­lion baht was reg­u­lar bud­get and the re­main­ing 32.2 bil­lion was in­vest­ment bud­get.

The with­drawn reg­u­lar bud­get ac­counted for 17% of the yearly reg­u­lar bud­get of 2.24 tril­lion baht, ex­ceed­ing the tar­get by 6.9%.

Of the 286-bil­lion-baht carry-over bud­get, 14.4 bil­lion was drawn down in Oc­to­ber, while con­tracts worth 192 bil­lion or 67.4% of the carry-over bud­get have al­ready been signed.

Mrs Nilubol said the ComptrollerGen­eral’s De­part­ment will ex­tra­dite 2018 bud­get dis­burse­ment.

The govern­ment has set a tar­get of tak­ing out 96% of the fis­cal 2018 an­nual bud­get and 88% of the in­vest­ment bud­get.

State spend­ing has been the main driver of the coun­try’s eco­nomic growth in re­cent years.

In other news, Pra­pas Kong-Ied, di­rec­tor-gen­eral of the Pub­lic Debt Man­age­ment Of­fice (PDMO), said the Fi­nance Min­istry will of­fer 15 bil­lion baht worth of sav­ings bonds from Nov 27, 2017 to March 30, 2018 as a way to broaden in­vest­ment al­ter­na­tives and en­hance sav­ings.

The sav­ings bonds will be is­sued in three- and seven-year ma­tu­ri­ties. The three-year bonds will carry a coupon rate of 1.85% and the longer-dated notes a 2.45% rate. The min­i­mum sub­scrip­tion is 1,000 baht, with no ceil­ing.

In­ter­ested par­ties can buy the sav­ings bonds at branches, ATMs and in­ter­net chan­nels of Bangkok Bank, Krungthai Bank, Kasiko­rn­bank and Siam Com­mer­cial Bank.

Sub­scribers must be Thai na­tion­al­ity or a Thai-based non-profit group.

Newspapers in English

Newspapers from Thailand

© PressReader. All rights reserved.