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“Finance Ministry” orders state enterprises to accelerate investment

Bangkok, "Finance Ministry" orders state enterprises Accelerate investment during the 2024 budget, which has not yet been released. The deadline is March to complete the contract signing. Dr. Paophum Rojanasakul, Secretary to the Minister of Finance, said that the Ministry of Finance sees the necessity of adding money to the system late in the fiscal year 2024. The country lacks fiscal impetus. State enterprises are another important driving force. Because there is an investment budget of over 240,000 million baht, the Ministry of Finance has issued measures for state enterprises to proceed as follows. Set a target for disbursing state enterprise investment budgets to not less than 95 percent and strictly implement it. Including allowing state enterprises to consider setting such targets as indicators for the top executives of state enterprises. Let state enterprises expedite investments that have already signed contracts. Including accelerating the signing of contracts to be completed within March 2024 fo r state enterprises that use budget funds for investment. Prepare to sign the contract immediately when the budget is allocated. Let state enterprises adjust disbursement plans By increasing disbursements during January 2024 - June 2024 (Front-Loaded) and avoiding concentration of investment budget disbursements in the last quarter. Let state enterprises in the calendar year adjust their investment budgets during 2024 to be completed within the first quarter. and state enterprises in the fiscal year whose improvements have not yet been completed. The operation must be completed within March 2024. Source: Thai News Agency