Backup strategy in works in case budgetplan is postponed

New federalgovernment may not be able to pass costs strategy in time for start of 2024 financial year on Oct 1 released : 14 Jul 2023 at 19: 55 (Bangkok Post File Photo) The Ministry of Finance is preparing a backup strategy to sustain the economy if hold-ups in forming a brand-new federalgovernment affect spendingplan dispensation for the 2024 financial year beginning on Oct 1. The draft Budget Expenditure Act for financial 2024 might face a evaluation to lineup with the brand-new federalgovernment’s standards priorto being proposed to parliament for approval, stated Krisada Chinavicharana, the ministry’s irreversible secretary. He stated the ministry anticipates this might cause a hold-up of up to 6 months in the spendingplan calendar beginning from Oct 1. Consequently, Mr Krisada stated, a contingency strategy is required to avoid any effect on the economy this year and next. It calls for the ministry to seekadvicefrom with the Budget Bureau to continue with the costs strategy for the financial 2023 spendingplan. The director of the Budget Bureau has the authority to execute this strategy if the brand-new variation of the Budget Ex
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