Thailand's 2020 budget bill narrowly approved by MPs

Image
ANI Asia
Last Updated : Oct 20 2019 | 3:00 PM IST

Thailand's House of Representatives on Saturday voted to approve the 2020 budget bill by a very narrow margin.

While 250 MPs voted for the bill, 235 MPs abstained from voting. However, no legislator voted against the bill.

The vote took place following three days and nights of debating on the 3.2 trillion baht (about 105.43 billion USD) budget bill.

A 64-member budget committee consisting of MPs and others was set up to scrutinize the bill which is to be returned to the House in a third or final reading before it is forwarded to the Senate.

Just before the voting, Thai Prime Minister Prayut Chan-o-cha reconfirmed that the budget bill, which incurs 469 billion baht (about 15.45 billion USD) in deficit, is designed in accordance with national strategies to reduce social disparity, improve the people's quality of life and upgrade the country's competitiveness, among other things.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 20 2019 | 2:48 PM IST

Next Story