Cabinet OKs FY70 budget, timeline set for parliamentary review and enactment

MGR Online•Politics•2d ago

Reader Briefing

Thailand's Cabinet has greenlit the budget plan for Fiscal Year 2027, establishing a timeline for parliamentary submission on June 29 and official enactment on October 1, 2026.

•The Cabinet has approved the Fiscal Year 2027 budget plan and adjusted the budget calendar.
•The budget plan aims for parliamentary submission by June 29 and enactment by October 1, 2026.
•Six Deputy Prime Ministers will be assigned to oversee nine integrated work plans to enhance budget efficiency.
•The budget preparation emphasizes solving public issues while maintaining fiscal discipline and addressing economic volatility.

Overview

•On April 11, 2026, the Cabinet approved the Fiscal Year 2027 budget plan.
•The budget calendar was adjusted, aiming for parliamentary submission on June 29, 2026.
•The Fiscal Year 2027 budget is set to be enacted on October 1, 2026, in order to drive the country's economy.
•Six Deputy Prime Ministers have been assigned to oversee nine integrated work plans for the Fiscal Year 2026 budget.
•The Cabinet's objective is to enhance budget spending efficiency and ensure prompt fund disbursement to the public.
•The Fiscal Year 2027 budget preparation focuses on resolving public issues, maintaining fiscal discipline, and accommodating economic fluctuations.
•The budget will utilize alternative funding sources, such as Public-Private Partnerships (PPP), to reduce the national budget burden.
•The Prime Minister will deliver budget policy on April 20, 2026, to initiate the budgeting process.

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Key Quotes

N. Lalida Praetwivatana

"Setting a clear timeline along with assigning responsible individuals per plan will maximize budget spending efficiency, ensure funds reach the public quickly, and materialize government policies."

การกำหนดไทม์ไลน์ที่ชัดเจน ควบคู่กับการมอบหมายผู้รับผิดชอบรายแผนงาน จะช่วยให้การใช้จ่ายงบประมาณเกิดประสิทธิภาพสูงสุด เงินถึงประชาชนได้รวดเร็ว และการขับเคลื่อนนโยบายรัฐบาลเป็นรูปธรรมมากยิ่งขึ้น

Key Entities

Organization

Cabinet(ครม.)ℹ️

The Thai Cabinet, responsible for approving national budgets and policies.

Person

Ms. Lalida Praetwivatana(นางสาวลลิดา เพริศวิวัฒนา)

Deputy Government Spokesperson for the Office of the Prime Minister who announced the Cabinet's decisions.

Mr. Pipat Ratchakitprakarn(นายพิพัฒน์ รัชกิจประการ)

Deputy Prime Minister assigned to oversee two integrated budget plans.

Mr. Songsak Thongsri(นายทรงศักดิ์ ทองศรี)

Deputy Prime Minister assigned to oversee two integrated budget plans.

Mr. Ekaniti Nitithanprapas(นายเอกนิติ นิติทัณฑ์ประภาศ)

Deputy Prime Minister assigned to oversee one integrated budget plan.

Ms. Supachai Suthamphant(นางศุภจี สุธรรมพันธุ์)

Deputy Prime Minister assigned to oversee two integrated budget plans.

Mr. Pakorn Nilpraphan(นายปกรณ์ นิลประพันธ์)

Deputy Prime Minister assigned to oversee one integrated budget plan.

Mr. Yotchanan Wongswat(นายยศชนัน วงศ์สวัสดิ์)

Deputy Prime Minister assigned to oversee one integrated budget plan.

Policy

Integrated Plan for Solving Problems in the Southern Border Provinces(แผนงานบูรณาการแก้ไขปัญหาจังหวัดชายแดนภาคใต้)