BANGKOK, Jan 22 – The government insists on keeping discipline over its budget and is confident that a budget balancing spending and revenue will be achieved within three years.
/Finance Minister Kittiratt Na Ranong spoke at a seminar on the government’s policies and strategies to drive the country, pointing to the 2014 fiscal budget.
He said the spending budget for the 2013 fiscal year is set at Bt2.4 trillion, while the revenue target is set at Bt2.1 trillion. The government will follow a policy on enhancing budget spending efficiency to reduce the deficit to Bt300 bilion this year, and to Bt2.5 billion in 2014.
The Finance Minister said the government’s investment budget at Bt2.2 trillion is not considered as increasing its debt burden. The government can settle this debt within 7.5 years. Inflation will increase 0.1-0.2 per cent but no more than 3 per cent, he said.
