Here is the biggest WTF, with every government budget, the Ministry of Education has for the past … decade or so received the highest budget (or near the top) amongst all the government departments and yet the education levels here are still incredibly low when compared to the … well virtually any other country. Doesn’t quite help w/ the military deciding to change some parts of the history books or including extra hours for students to be brainwashed, sorry nationalistic.
- Apisak sees at least 3% growth this year — Finance Minister Apisak Tantivorawong believes the economy will expand at least 3% this year, though the Bank of Thailand was recently alarmed over rising downside risks to growth. (CNBC, 14/5/16)
- Economy buoyed by robust tourism growth – Thailand’s GDP growth hit a three-year high of 3.2% in the first quarter, thanks to government stimulus measures and rapid improvement in the tourism sector, says the country’s economic think tank. (Bangkok Post, 17/5/16)
- Cabinet nods to 2017 expenditure budget – Director of the Bureau of the Budget Somsak Chotrattanasiri reported that the Cabinet has agreed to set the expenditure budget for fiscal year 2017 at 2.73 trillion baht while projecting revenue of 2.34 trillion baht and a budget deficit of 390 billion baht. According to the budget allocation plan, the Ministry of Education secures the highest budget at 519.29 billion baht. Another 398.95 billion baht is set aside as the central budget, decreasing by 56.43 billion baht from the current fiscal year. (NNT, 16/5/16)