The Prime Minister gives fiscal policy for 2024, believing digital money of 10,000 baht will help stimulate the economy. Establish a framework for budget management to benefit the people and the country. and maintain fiscal discipline Ready to emphasize injecting 560 billion baht into the economy.
Mr. Settha Thavisin, Prime Minister and Minister of Finance was the chairman and delivered the policy for preparing the budget for 2024 with the Cabinet Heads of government agencies, state enterprises, and various agencies Those involved join in listening.
The Prime Minister said that the government came into administration at a time when the country was facing challenges. both economic Society and politics which has been affected both from inside and outside the country and the COVID-19 problem resulted in a slow economic recovery. The world economy is affected by international politics. Industry structure that is concentrated in a few product categories Chronic agricultural debt problem All of which cause the country to have problems today. while the ratio of labor to population decreased and the state spends more money to care for citizens Vulnerability caused by debt Household debt The minimum wage is unfair including drug problems causing a fiscal burden Both investment aspects Welfare and public health
In the short term, the government places importance on income recovery. By stimulating the economy in 2024, injecting 560 billion baht into the system to stimulate both supply and demand over a period of 6 months, creating economic circulation. The Cabinet has set up a committee to take care of all aspects. Both application development Finding a source of money Regulations are set and can definitely be implemented within February.
tourism There will be rehabilitation from within and outside the country. which has already processed temporary visa exemptions for China and Kazakhstan Further action will be taken with other countries and other measures will be planned and determined. to attract tourists such as supporting expenses Facilitate or other appropriate measures, including developing tourist attractions or road shows with a better economic direction. We are confident that we will increase the minimum wage to 400 baht per day as quickly as possible.
The Prime Minister said that regarding expenses The government has already taken action. including reducing the cost of diesel fuel to no more than 30 baht per liter and in the future finding ways to reduce energy costs both cooking gas and gasoline To be suitable for the people's living expenses Including suspending the debt of nearly 270,000 farmers and taking care of other groups. Continue breathing for groups in distress
As for amending the constitution The government will soon hold a referendum to draft a new constitution. To return power to the people
Mr. Settha further said that in the long run, it will make the economy grow sustainably, covering 3 dimensions, including creating income, expanding opportunities, and taking care of quality of life and stability. There has been an increase in net income in the agricultural sector. open international trade Invest in infrastructure to attract investment Will use lead marketing principles Additional innovations increase income, with the goal of making farmers' income increase 3 times within 4 years.
The government will support green industries. Push startups to grow Can expand to be a unicorn in the future. will provide complete assistance to SMEs Regarding infrastructure and transportation systems, investment management must be planned systematically. Develop the railway system Can send products to various cities and abroad. including having appropriate indicators to the national strategy Increase the competitive potential of the country Promote competitiveness by accelerating negotiations on pending FTAs with the EU. and open new markets Both Middle East and Africa and diplomacy will work proactively In order for the whole world to know Thailand is now open. and maintain neutrality between the powers
The Prime Minister said that the implementation of many measures will improve the economy. The minimum wage can be raised to 600 baht and bachelor's degrees to 25,00 baht per month by 2027.
As for natural disasters, prepare to deal with El Niño, increase irrigation area by 40 million rai, and plan for comprehensive water management. Using water to benefit This prevents flooding and drought in various seasons. Move forward with the PM2.5 dust problem and the government prepares to issue Sustainability Bond, worth 30 billion baht in fiscal year 2024, to enable related organizations to implement sustainability policies.
Moreover, the Prime Minister ordered restrictions on officials acting as public servants. which he could not accept and increase the efficiency of public services and request government agency administrators to diligently supervise their work. But it changes according to the situation. Create a results-focused way of working. There are clear indicators. More than just following a process And please always adhere to the people. In fiscal year 2024, government spending will play an important role in supporting the implementation of government policies to produce concrete results and various plans to achieve the specified goals. The government will have money from the fiscal year 2024 expenditure budget in the amount of 3.48 trillion baht.
The Prime Minister confirmed that he intends to manage the finances with prudence, transparency, and accountability, and strictly maintain fiscal discipline and stability. By planning the spending of the 2024 budget, laying out the framework of 5 priorities. First, requesting that the budget be prepared and disbursed in accordance with the policies that the government has announced to the House of Representatives. and strictly take into account the legal framework and fiscal discipline I ask every department to consider what can be done and do it first. But don't forget about the accuracy of the process.
Second, ask that all departments work together in an integrated manner. Plan your budget so that it doesn't overlap. Many projects in the past have overlapped. Please don't let that kind of situation happen again within this government.
Third, please plan and budget efficiently. and effective Taking into account the best interests of the state and taking into account financial and fiscal discipline
Making plans or projects Please do what is urgently needed. and in line with the current situation, what policies and plans can be done without using a budget? You can begin to proceed. which these projects that there will be a worthwhile return Because it doesn't require a single baht investment budget. and asked to make a zero-based budget, especially capital expenditures that must have clear details and request all departments to use digital systems in their work to increase efficiency and increase transparency in work Make people see that their tax money Every baht was spent wisely.
The Prime Minister said that number four, projects and plans must have indicators (KPI) or targets. that brings good results to the people or have a positive economic effect
“I do not support work that does not bring results to the country. Because it will use public taxes to dissolve the river. Do not support using the budget to do anything that does not have a goal. There is no tangible purpose. There is no clarity, so please consider reducing plans or projects. Reduce unnecessary expenses Or, if possible, cancel the plan or project. that is unclear In order to use the budget in a targeted and maximum benefit to the country. Use the budget to continue doing other projects that have positive results,” Mr. Settha said.
The Prime Minister said that number five asks for a spending plan to be prepared by considering all sources of funding. both money outside the budget and budget Many agencies that have money outside the budget, such as income and savings, ask to be used to carry out their missions first. and asked to help reduce the burden on the national budget By considering the use of other sources of funds, such as cooperation with the private sector. or other financial instruments, etc.
“Everyone present here is a representative of the entire government sector. We all have a part to play in helping to take care of the long-term financial and fiscal stability. Even though the 2024 budget will be delayed, we ask that all agencies expedite disbursement. It is under the legal framework. Be careful. Don't let the economy falter. Therefore, in making this year's budget Ask all agencies to consider the issue. All 5 important frameworks include making a budget according to the policies promised to the people. Do it in an integrated way Reduce duplication Do it efficiently and maintain fiscal discipline. Do it with indicators and goals. Complete all sources of funding and adhere to fiscal discipline,” Mr. Settha said.
The Prime Minister said that he would like it to be sent to the Budget Office by October 6, 2023. He would like all agencies to plan their budgets to be effective. In order to be able to use every baht, every satang of people's taxes in a worthwhile manner to benefit all Thai people.
Source: Thai News Agency