Thailand : Budget 2011

Thailand's 2011 fiscal budget approved
May 28, 2010

The members of Thai parliament late Thursday night voted 250 to 172 to approved the first reading of the 2.07-trillion-baht (about 63.61 billion U.S. dollars) 2011 draft fiscal budget bill, Thai media reported Friday.

After spending over 26 hours to deliberate the bill, the House voted 250 to 172 to approve the bill in principle.

According to Bangkok Post online, the House meeting also agreed to set up a 63-member panel to consider details of the draft budget bill and submit to the House meeting for the second reading within 30 days.

The ad hoc panel will convene its first meeting at 4:00 p.m. on Tuesday.

Source: Xinhua

english.peopledaily.com.cn

from the blogworld .............

In an article on the Bangkok Post, it stated that:

“The Defence Ministry denies claims it is being rewarded for leading the crackdown on red shirts last week with a larger budget in the coming year.”

“Defence Minister Prawit Wongsuwon said yesterday the proposed 2011 budget allocation for his ministry is actually smaller than that for the current year.”

However, on Finance Minister Korn Chatikavanij’s twitter page, he tweeted on May 26:

“Opp. [opposition] says next year’s budget is pro-military, truth is defense budget up only 10% while, agriculture budget up 40%! Pls RT”

So which is it? This discrepancy should raise some curiosity.

So what’s the real 2011 defense budget?

Thanks for the heads up
Interestingthat the Thai budgetis announced by the News agency of the commie Peoples Republic's Xin Hua