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9 Aug 2012

K-Econ Analysis

Government expenditures

คะแนนเฉลี่ย

- Government expenditures provide an instrument of fiscal policy, through which the government can stimulate the economy by allocating money to various projects.

- The budget includes four types of expenditure: current expenditures, capital expenditures, replenishing fiscal reserves, and loan principal repayments.

- There are also non-budgetary expenditures and capital expenditures through the budgets of state enterprises.

- Increased government spending injects funds into the system and can be a major stimulus for the economy. Public spending for consumption and investment is one component of the national GDP.

- The 2012 fiscal year budget authorizes THB2.38 trillion in expenditures, with a target of spending 93.0 percent of the total. The budget is 20.8 percent of GDP, higher than the average 19.6 percent for fiscal 2008-2012. During the first nine months of fiscal 2012, the rate of budget disbursements and capital expenditures was lower than for the same period of the previous year.

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K-Econ Analysis