Tax & Spend
Thailand’s $115 Billion Budget Clears First Parliamentary Hurdle
The outlays are designed to factor in increased risks to the economy from the current global trade uncertainties.
Photographer: Amury Paul/AFP/Getty Images
Thailand’s lower house of parliament backed a 3.78 trillion baht ($115 billion) annual budget as Prime Minister Paetongtarn Shinawatra’s multi-party coalition buried differences to support the spending plan.
The budget bill for the fiscal year starting Oct. 1 was supported by 322 lawmakers in its first reading in the 500-member House of Representatives on Saturday. A total of 158 lawmakers voted against it following a four-day debate.