Bloomberg News

Thai Budget Bureau to Propose Bigger Deficit on Flood Spending

October 17, 2011

Oct. 17 (Bloomberg) -- Thailand’s Cabinet will tomorrow consider widening the 2012 budget deficit by 50 billion baht to fund flood reconstruction, said Worawit Jumpeerath, head of the Budget Bureau.

The reconstruction budget will be increased to 130 billion baht from an earlier estimate of 80 billion baht, Worawit told reporters in Bangkok today.

The government is also reviewing its borrowing plan to increase infrastructure investment to prevent future floods, Deputy Prime Minister Kittiratt Na-Ranong said, without giving details.

The Cabinet in September approved a budget deficit of 350 billion baht for the fiscal year started Oct. 1.

To contact the reporter on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net


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