Saturday , September 28 2024
Home / Current News / Thailand’s 2020 budget bill narrowly approved by MPs

Thailand’s 2020 budget bill narrowly approved by MPs

Thailand’s House of Representatives narrowly voted to approve the 2020 budget bill on Saturday.

Following three days and nights debating on the 3.2 trillion baht (about 105.43 billion US dollars) budget bill, 250 MPs voted for it while 235 MPs abstained from voting.

However, no legislators voted against it, reports Xinhua.

A 64-member budget committee consisting of MPs and others was set up to scrutinise the bill which is to be returned to the House in third or final reading before it is forwarded to the Senate.

Just before the voting, Thai Prime Minister Prayut Chan-o-cha reconfirmed the budget bill which incurs 469 billion baht (about $15.45 billion) in deficit is designed in accordance with national strategies to reduce social disparity, improve the people’s quality of life and upgrade the country’s competitiveness, among others.

source-FE

Check Also

BB to start exchange of new notes from 31 March

On the occasion of holy Eid-ul-Fitr, Bangladesh Bank (BB) will start releasing new notes in …

Leave a Reply

Your email address will not be published. Required fields are marked *