BANGKOK: The 18th OECD Asian Senior Budget Officials Meeting, organized by the Budget Bureau in collaboration with the Organization for Economic Co-operation and Development (OECD), convened at the Mandarin Oriental Hotel in Bangkok on December 12-13, 2024. The conference brought together participants from 18 countries, including Thai delegations, to discuss fiscal management and budgeting developments in the Asian region.
According to Thai News Agency, the event was inaugurated by Mr. Paopum Rojanasakul, Deputy Minister of Finance, alongside Ms. Cath Patterson from the Commonwealth of Australia, Mr. Anan Kaewkamnerd of the Budget Bureau, and Mr. Joni R. Blöndal of the OECD. In his address, Mr. Pao Bhumi highlighted Thailand’s commitment to economic growth while navigating challenges such as inflation, political shifts, and public debt. Emphasizing investment in infrastructure, green industries, and human resource development, he stressed the importance of transparent budget management and technology utiliza
tion for long-term economic security.
The conference featured several important discussions, including developments in budgeting and public spending, financial innovation in green budgeting, and the use of artificial intelligence in government budgeting. A roundtable discussion addressed recent advancements in the Asian region, while another session focused on budgeting studies in Taiwan and Singapore under the OECD Budget Management Framework. Discussions also covered creating public-private partnerships for green economy investments and evaluating fiscal risks and opportunities.
This gathering serves as a crucial platform for knowledge exchange among Asian countries, aiming to foster a sustainable budgeting process that adapts to future economic models. Thailand’s active participation in the conference aligns with its goal of becoming an OECD member by 2027, which is expected to bolster investor confidence in its economic and fiscal management standards.
