The Cabinet gives the green light to increase the 2024 budget to 122 billion baht.

House of Representatives, Cabinet approves additional budget for 2024, worth 122 billion baht, supports transfer of 10,000 baht via Digital Wallet, bringing in vulnerable groups, 15 million welfare card holders, first phase, 30 Sept. 2024. Mr. Chai Watcharong, spokesman for the Prime Minister's Office, revealed that the Cabinet meeting agreed to increase the budget limit for 2024 by 122,000 million baht for the "central budget" after projecting additional tax revenue of 10,000 million baht and loans to compensate for the deficit. Budget of 112,000 million baht to support the 10,000 baht top-up project via Digital Wallet using money from 3 sources: (1) fiscal year 2024 budget management of 175,000 million baht (2) submission of money from BAAC 172,300. million baht and (3) allocated from the fiscal year 2025 budget in the amount of 152,700 million baht. Carrying out the 10,000 baht top-up project via Digital Wallet requires registering those eligible to join the project within FY 2024 in order to be able to disburse the FY 2024 additional budget in time by September 30, 2024 and in accordance with the law. 21 of the Financial and Fiscal Discipline Act. It is expected that the process will be completed within fiscal year 2024, so eligible people must be brought to join the project. Vulnerable citizens, 14.98 million state welfare card holders, came to join the project first in the first phase. The additional adjustment of the fiscal year 2024 budget amount of 122,000 million baht, when combined with the total fiscal year 2024 expenditure budget of 3.48 trillion baht, makes the budget limit increase to 3.602 trillion baht, an increase of 417,000 million baht from fiscal year 2023 (percentage). 13.1) Projected income from taxes and other income of 2.798 trillion baht, an increase from 2023, with a budget of 370 billion baht, consistent with the budget limit of the medium-term fiscal plan (fiscal year 2025-2028), second revision, and for Investment budget and loan principal repayment budget The proportions are with in the specified framework. The State Financial Discipline Act, B.E. 61, is prepared to be submitted to the Council meeting for consideration. To enforce it in time for this year's budget. Source: Thai News Agency