The draft budget bill, which is being debated in the house over the next four days, projects a 0.7% rise in spending, and a 0.7% drop in the budget deficit to 860 billion THB, or 4.3% of gross domestic product, from the 2025 fiscal year that ends in September.
Prime Minister Lawrence Wong said that the Singaporean government will continue to create good jobs and opportunities for Singaporeans while pressing on with industry transformation and keeping an eye on its cost competitiveness.
The Singaporean Government is able to provide a suite of support measures in this Budget as it has managed its resources properly, and because it is doing everything it can to help Singaporeans cope with cost pressures and to improve their lives, said Prime Minister Lawrence Wong.
The Indonesian Ministry of Public Works faces a significant budget cut of 80% in 2025 to 29.57 trillion IDR from 110.95 trillion IDR (6.6 billion USD) in 2024.
The Indonesian Government has approved a budget of 48.8 trillion IDR (around 2.99 billion USD) for the second phase of the development of Indonesia's new capital Nusantara (IKN) from 2025 to 2029.
The President of Laos on March 19 signed a decree restoring the value-added tax (VAT) rate to 10% to support the country’s budget revenue and contribute to its socio-economic development.
Thailand’s economy is in a "critical situation" that requires urgent stimulus measures, Prommin Lertsuridej, chief of staff to the Prime Minister said on March 4.
Thailand’s Ministry of Agriculture and Cooperatives has sought approval for the upcoming fiscal budget of 411 billion THB (11.4 billion USD), more than three times higher than the previous budget, aiming to triple incomes of farmers within the next four years.
Philippine President Ferdinand Marcos Jr. on December 20 signed into law the national budget for 2024 worth over 5.7 trillion PHP (103.3 billion USD) which includes plans to combat poverty and boost economic growth.
Indonesia’s parliamentary budget committee has approved additional 15 trillion IDR (1.01 billion USD) to speed up the construction of the flagship new capital Nusantara on Borneo island, the committee’s chair Said Abdullah announced on June 9, according to Business world.in.
The Tourism Authority of Thailand (TAT) has unveiled its direction for fiscal 2024 with a budget of 5 billion THB (144.2 million USD), which intends to grow off-peak customers, increase spending per trip by 7%, and distribute income to a greater variety of destinations.
The Royal Thai Air Force (RTAF) is seeking a budget of 40 billion baht (1.2 billion USD) for fiscal 2024 with additional funds needed for essential aircraft upgrades and replacements, Commander-in-Chief Air Chief Marshall Alongkorn Vannarot has said.
Singaporean Finance Minister Lawrence Wong delivered the 2023 Budget statement in Parliament on February 14, highlighting narrower deficits of 0.3% of GDP in 2022 and 0.1% of GDP in 2023 even as the city-state helps vulnerable households manage rising costs.
Malaysia's government will present its budget for 2023 to parliament on October 7, earlier than originally scheduled, law minister Wan Junaidi Tuanku Jaafar has said.
Malaysia is calling on the EU-ASEAN Business Council (EU-ABC) to work more closely to further explore the full potential of the country and the wider region, the country's Prime Minister Datuk Seri Ismail Sabri Yaakob has said.
The Q1 public investment disbursement rate is down, meaning to increase required volumes of implementation to match government suggested rates will take a concerted effort. Localities need to set up working groups to spur growth to increase public disbursement of funds.
The Thai government will spend a budget worth 35 billion baht (1 billion USD) on purchasing 90 million doses of Pfizer and AstraZeneca vaccines in 2022, according deputy government spokeswoman Rachada Dhnadirek.
Vietnam spent 45.6 trillion VND (nearly 2 billion USD) from its budget on pandemic prevention and control and supporting people who face difficulties due to COVID-19, as of October 15, according to the Ministry of Finance.
Thailand’s House of Representatives has approved the 3.1 trillion THB (about 93 billion USD) budget bill for the 2022 fiscal year after five days of debate. The budget deficit is estimated at 700 billion THB.
