Treasury tightens budget of 1.57 billion baht, prohibits special procurement methods, cuts projects below 5 billion baht.

Finance Minister reveals that the subcommittee meeting has not yet approved the economic stimulus project worth 1.57 million baht, emphasizing that it must be considered carefully, prohibiting special procurement methods and cutting projects below 5 baht. As for the full meeting scheduled for June 11, 68, it must be postponed.

10 Jun 2568 Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance revealed that Meeting of the Subcommittee for Screening Economic Stimulus Projects under the 1.57 Billion Baht Budget Framework that Today's meeting is expected to not conclude the budget requesting projects because the committee must consider the projects in detail. Meanwhile, projects using the budget must meet the conditions of the 4 target groups specified by the Cabinet resolution. Therefore, the meeting of the Economic Stimulus Policy Committee chaired by Prime Minister Paethongtarn Shinawatra tomorrow (June 11, 2568) will be postponed.

“Considering the economic stimulus project under the budget of 1.57 billion baht, we will not rush the large sum of money because the money must be used according to the conditions according to the specified framework. If the proposal does not meet the conditions, we will have to go back and review it.”

Mr. Chulaphan Amornvivat, Deputy Minister of Finance It was revealed that today's meeting of the Subcommittee on Screening Economic Stimulus Projects under the 1.57 billion baht budget framework has not yet approved the projects because there were more than 1 project requests worth more than 4 billion baht. The meeting of the main committee chaired by Ms. Paethongtarn Shinawatra, the Prime Minister, tomorrow (June 10, 68) will be postponed.

In today's (June 10) cabinet meeting, Prime Minister Paethongtarn Shinawatra ordered the consideration of the budget spending in 3 parts: the 1.57 billion baht economic stimulus budget, the 2569 fiscal budget, and the central budget, with strict and careful scrutiny, and must comply with Article 144 of the Constitution, which prohibits any favoritism to any party.

however In today's subcommittee meeting, the framework for using the 1.57 billion baht budget will be set to be more clear. For example, projects related to water management must be projects in areas with recurring flooding or drought problems, or projects related to roads must be projects that increase the country's logistics competitiveness.

At the same time, it has been stipulated that all projects are prohibited from using special procurement methods. Projects must be bid in accordance with normal methods. Projects with a budget of less than 5 baht will not be considered in order to prevent money leakage as many parties are worried about.

“Projects that are requested for a budget of less than 5 baht, we will immediately cut them out and not consider them. However, the budget of 1.57 million baht does not necessarily have to be considered as the entire investment budget. Finally, if the project allocation is not complete, there will be a mechanism to use the budget for other purposes.”

Mr. Chulaphan continued that There is still time to carefully consider projects to stimulate the economy. As it is estimated that the economic impact of the US tariffs will begin in the third quarter of 3

“Now there is good news that Thailand will officially negotiate with the US. If everything goes well, the economic impact will be less. However, the basic tariff that the US will charge all countries at 10% is likely to remain. Our approach is to ensure that Thailand is not at a disadvantage to trading partners and competitors.”

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