Thailand budget allocation prioritizes economic and domestic tourism rehabilitation

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Prime Minister, Gen. Prayut Chan-o-cha.
Prime Minister, Gen. Prayut Chan-o-cha.

Prime Minister Gen. Prayut Chan-o-cha disclosed about the cabinet’s deliberation on the 1st-phase plans/projects for economic and social rehabilitation, which focuses on solving agricultural problems; empowering people, business, and SMEs sectors; and promoting domestic tourism.


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According to the Prime Minister, budget for the 1st phase economic and social rehabilitation plans and projects is approved for not over 100 billion Baht in total. Plans to be implemented will be prioritized according to the need, urgency, and relevance with the present situation. The most important thing is that those plans and projects must be transparent and accountable, and could be scrutinized by Office of Public Sector Anti-Corruption Commission, and the people sector.



The Government has also placed importance on promoting employments. All ministries are ordered to allocate additional budget for daily/hourly hiring in localities across the country for existing plans and projects, such as home-temple-school project, water sources development plan, etc. Ministry of Commerce is also assigned to expedite export of agro products, and negotiate with the neighboring countries on border checkpoint development to better facilitate goods transport.

The Government has also come up with financial aid measures to promote SMEs entrepreneurs’ access to soft loans from both the Bank of Thailand, commercial banks, special banks, and various funds, while avoiding approval of clean loan to prevent NPL. Domestic spending will also be promoted through domestic tourism. The Prime Minister expressed confidence that domestic tourism will soon be revitalized.

He also affirmed that budget has been set aside for disease remedy and possible occurrence of the 2nd phase of COVID-19, and called on all concerned sectors to join hands in conforming to the best practices, and in prioritizing plans/projects according to urgency and allocated budget. (Thaigov.go.th)