Phuket: Deputy Prime Minister and Minister of Finance, Ekniti Nitithanprapas, addressed the House of Representatives during the first reading of the 2026 Budget Transfer Act. Ekniti explained that the Act is designed to create balance, provide relief to the public, and revitalize the economy, all while maintaining fiscal discipline.
According to Thai News Agency, Ekniti highlighted the economic crises experienced by Thailand and other countries due to the Middle East conflict and energy price volatility, which have led to high living costs and a livelihood crisis. Despite these challenges, Thailand was commended by Moody's for effectively handling the global economic situation, resulting in an upgrade of its economic outlook from negative to stable.
Ekniti further detailed Thailand's recent economic performance, noting significant growth in government investment and an accelerated budget disbursement rate. He emphasized the importance of maintaining a balance between economic growth and public relief, advocating for the transfer of remaining budget funds to an emergency reserve for potential energy crises and droughts.
He concluded by reaffirming the government's commitment to using the budget to drive economic recovery, enhance competitiveness, and provide public relief, while considering feedback for future policy adjustments.