State firms get budget boost | Bangkok Post: business - News Summed Up

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State firms get budget boost | Bangkok Post: business


The government aims to disburse 95% of the state enterprises' budget next year. The investment budget of 45 state enterprises excluding subsidiaries amounted to 344 billion baht in total for 2017, with 80% drawn down as of October. Mr Ekniti forecasts that 288 billion baht, representing 84% of the 344-billion-baht investment budget, will be doled out this year. Even though the state enterprises' budget disbursement is expected to fall short of the 95% target, it is well above the average 70% of the past, he said. Leaving the unused budget of local administration organisations to sit idle is considered a waste of resources, he said.


Source: Bangkok Post November 30, 2017 03:11 UTC



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