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Cabinet Pushes Zero-Based Budgeting, Aims for Oct 1, 2026 Deadline

Cabinet Pushes Zero-Based Budgeting, Aims for Oct 1, 2026 Deadline

Post Today•Politics•1d ago

Reader Briefing

The Thai Cabinet has approved a timeline for the fiscal year 2027 budget, emphasizing a zero-based budgeting approach and aiming for the law to be enacted by October 1, 2026.

  • •The Cabinet has approved the process for drafting the fiscal year 2027 budget.
  • •A zero-based budgeting strategy will be implemented, reviewing all project necessities.
  • •The goal is to have the budget law enacted by October 1, 2026, to stimulate the economy.

Overview

  • •The process for drafting the fiscal year 2027 budget officially begins on April 20, 2026, with the Prime Minister assigning budget policies.
  • •The Prime Minister assigned budget policies to relevant agencies on April 20, 2026, initiating the fiscal year 2027 budget process.
  • •Budget recipient agencies must complete budget requests by May 1, 2026.
  • •The Cabinet will consider proposals and gather public opinion in early June 2026.
  • •The Cabinet signed off on the draft budget bill on June 16, 2026, after considering public feedback.
  • •The draft budget bill will be presented to the House of Representatives on June 23, 2026, for its first reading.
  • •Parliamentary review in the House of Representatives and the Senate is scheduled for July to September 2026.
  • •The draft budget bill will be submitted for Royal Assent in late September 2026, in order to be enacted by October 1, 2026.

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Key Entities

Organization

Cabinet(คณะรัฐมนตรี)ℹ️
The primary decision-making body of the Thai government, responsible for approving the national budget and its timeline.
House of Representatives(สภาผู้แทนราษฎร)ℹ️
The lower house of the Thai Parliament, responsible for reviewing and debating budget bills.
Senate(วุฒิสภา)ℹ️
The upper house of the Thai Parliament, responsible for reviewing and debating budget bills.

Person

Lalida Perivivatana(นางสาวลลิดา เพริศวิวัฒนา)
Deputy Government Spokesperson for the Office of the Prime Minister, who announced the Cabinet's decisions on the budget process.
Prime Minister(นายกรัฐมนตรี)ℹ️
The head of the Thai government, who will deliver budget policies to relevant agencies to initiate the fiscal year 2027 budget process.

Law

Budget Act(พ.ร.บ. งบประมาณ)
The legislative act governing the national budget, which is undergoing review and approval for fiscal year 2027.

Policy

Budget(งบประมาณ)
The national financial plan for fiscal year 2027, emphasizing zero-based budgeting and aiming for timely enactment.
Zero-Based Budgetingℹ️
A budgeting method that requires all expenses to be justified for each new period, used as a core strategy for fiscal year 2027 budget planning.