State firms’ budget contributions beat target 

Economy August 11, 2017 01:00

By The Nation

THE State Enterprise Policy Office (SEPO) has exceeded its target for budget contributions from state enterprises by 21 per cent for the first 10 months of the 2017 fiscal year.

Ekniti Nitithanprapas, director-general of SEPO, said that from October 2016 to July, the accumulated income contribution to the nation amounted to Bt142.8 billion – Bt24.8 billion higher than its target. The fiscal year ends on September 30.

The increased contributions coincided with the nation’s budget disbursement coming in 2.0 per cent higher than the agency’s target budget disbursement target of 82.2 per cent by the end of July, according to the Comptroller General’s Department (CGD).

Chanvit Nakburee, deputy director-general and spokesman for SEPO, said the higher than expected contribution from state enterprises was attributable to increased efficiency.

The Government Lottery Office topped the list for the 10-month contributions with Bt25.5 billion, followed by Electricity Generating Authority of Thailand at Bt21.7 billion, PTT Bt14.6 billion, Government Savings Bank Bt13.1 billion and the Provincial Electricity Authority Bt11.4 billion.

Meanwhile, the government’s budget disbursements were Bt2.2 trillion, or 82.2 per cent of the total Bt2.7-trillion budget, said Oranuch Vinusit, adviser of fiscal and financial system development at CGD.

Of the total budget disbursed, the recurring expenditure outlays amounted to Bt1.9 trillion or 89.5 per cent of its budget target, while investment expenditure disbursed – excluding additional budget – accounted for Bt292.3 billion or 63 per cent of its budget.

In regard to the additional budget, its disbursement totalled Bt81.7 billion or 43 per cent of the Bt190 billion additional budget. Of the total, the recurring expenditure disbursed was Bt75.7 billion or 72.2 per cent of its budget, and investment expenditure disbursed was Bt6 billion or 7 per cent of its budget.

As part of measures to boost small-scale investment nationwide, expenditure disbursed amounted to Bt48.2 billion, or 91.3 per cent of the Bt52.8 billion budget.

Each month’s budget disbursement marked continuous improvement despite lower-than-targeted investment expenditure, Oranuch said, adding that the department would accelerate the disbursements to come in as close as possible to the targets.