Thailand’s whopping US$115bil budget clears first parliamentary hurdle


BANGKOK (Bloomberg): 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.

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Thailand , Budget , First Round , Cleared , Govt Agrees

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