Thailand's investment budget disbursements seen below target in fiscal year 2015
Add BT as a preferred source[BANGKOK] Thailand's finance ministry said on Monday it expects disbursement of the investment budget for the fiscal year ending September 2015 to fall short of target.
"It is about 60 per cent now. We may end the current fiscal year in the region of 70 per cent as this is already a final month," Deputy Finance Minister Wisut Srisuphan told reporters.
The total budget for 2015 is 2.575 trillion baht (US$71.3 billion), with the portion for investment around 451 billion baht (US$12.49 billion), ministry data showed.
The ministry last week eased rules on budget approvals for small scale government projects to boost disbursements in the next fiscal year, Mr Wisut said.
Thailand's military government has said speedy government spending will help drive growth but disbursement of funds has been slow and big infrastructure projects have stalled.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
AI infrastructure can lead South-east Asia’s next growth story: UOB
MAS eases family office tax rules, widens AML checks as Singapore vies for global wealth
