Bangkok: The Prime Minister has elaborated on the 2026 Budget Transfer Act to the Senate, emphasizing his openness to all suggestions and concerns to ensure efficient use of funds for the nation's sustainable benefit.
According to Thai News Agency, the Senate session included a significant discussion where the Prime Minister, alongside the Minister of Interior, detailed the Budget Transfer Act for Fiscal Year 2026, amounting to approximately 10,328 million baht. They expressed their commitment to consider all feedback to ensure the budget's cost-effectiveness and long-term national benefits.
Following its approval in the House of Representatives on June 25th, the bill aims to redirect funds from various agencies to a central reserve for emergencies or essential expenditures. This reserve is designed to respond to crises and urgent national demands.
Prime Minister and Minister of Interior Anutin Charnvirakul outlined the criteria for the budget transfer, dividing it into two main sections. The first section involves recurring expenses that remain undisbursed and non-binding or deferrable as of June 2, 2026. This includes costs related to seminars, training, public relations, or overseas official travel.
The second section pertains to capital expenditures that have not been tendered or deemed unnecessary by agencies, posing no risk of governmental damage.
Deputy Prime Minister and Minister of Finance, Ekniti Nitithanprapas, reassured the Senate of the government's meticulous budget planning for the latter half of 2026, ensuring uninterrupted public service and welfare support. He sought the Senate's approval to leverage this budget for optimal economic impact in Thailand. The Prime Minister reiterated his willingness to incorporate Senate input for effective and sustainable budget allocation.