Thailand adjusts 2021 budgets to ease financial burden caused by COVID-19
The Thai Cabinet on April 15 approved cutting 50 percent of investment and 25 percent of regular budgets in fiscal 2021 to mobilise funding to ease the financial burden arising from the COVID-19 pandemic.
Outside a restaurant in Thailand on April 15 (Source: AFP/VNA)
Bangkok (VNA) – The Thai Cabinet on April 15 approved cutting 50percent of investment and 25 percent of regular budgets in fiscal 2021 tomobilise funding to ease the financial burden arising from the COVID-19pandemic.
The governmentspokeswoman Narumon Pinyosinwat said that all state agencies are required torevise their fiscal budgets in line with cabinet approval and resubmit them tothe Budget Bureau on April 22.
Cuts should not bemade to binding items and suggested funds for seminars, training programmes,public relations, allowances, lodging, vehicles and necessary overseas trips,she said.
On January 7, the Thaicabinet approved a fiscal 2021 budget of 3.3 trillion baht (100.9 billion USD) witha deficit of 523 billion baht. The budget for fiscal 2021 is 100 billion baht,3.1 percent bigger than the fiscal 2020 blueprint, and it will focus mainly on social and economic restructuring, economic growthstability, income redistribution to remote areas, local economy development andincome disparity reduction.
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Outside a restaurant in Thailand on April 15 (Source: AFP/VNA) 
