[ad_1]
Declarations office shocked council dissolution, budget 64 stumbled
Date Sep 16, 2020 at 1:27 PM
The Budget Office was shocked to dissolve the council budget 64 stumbled on MPs for fear of raising significant revenue Total cap, compensation 7.36 billion baht
The report of the Ministry of Finance revealed that the issuance of the book of the Budget Office dated September 10, 2020 informs various agencies. As for the 2021 budget, it won’t be used until October 1, 2020, so use the 2020 budget framework to spend. Because the Budget Office is concerned that parliament will dissolve sooner. The draft of Budget Law 2564 comes into force. Until it causes the country’s spending problems
“The Budget Office is afraid of political instability. Until the dissolution of the council, which affected the 2021 budget, it was not enforced. That is why it issued a letter to use the 2020 budget for a time to avoid any problems”, reported the Ministry of Finance.
The draft of the Budget Law 2021 is being considered by the Council of Representatives 2 and 3 from September 16 to 18 and will be considered from September 21 to 22. This, and on September 28, it was proposed to present for the announcement of execution as law.
For the 2021 budget, the 3.3 trillion baht budget is a deficit of 6.23 billion baht and is expected to raise revenue of 2.67 trillion baht. The revenue collection for fiscal year 2021 will be much less than the target and will not be sufficient for expenses. Even if there are more borrowers in case of expenses than income, as in the year 2020, it is still not enough because there is a credit limit of about 100 billion baht.
According to the law, borrowers to make up the budget deficit or borrow money for expenses in excess of income must not exceed 20% of the expense budget plus 80% of the principal repayment budget, which in 2021 has a total maximum limit debt of 7.36. One hundred billion baht
For the fiscal year 2020, the amount of 3.2 trillion baht is a budget with a deficit of 4.69 billion baht and there is a request for additional borrowers in case of expenses of more than 2.14 billion baht in revenue due to expected revenue collection of 3.9 billion baht.
[ad_2]
