State investments rising by 47% in fiscal 2017-2018

Economy January 29, 2018 12:05

By The Nation

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The state enterprises investment budget of Bt506.16 billion for the fiscal year ending in September represents a 47-per-cent hike over the last fiscal year, Ekniti Nitithanprapas, director-general of the State Enterprise Policy Office said on Monday.

In the first quarter of the current fiscal year (October-December 2017), state enterprises spent Bt18.01 billion of the total Bt506.16-billion budget, he said.

Since fiscal 2015-2017, he added, the state enterprises investment budget has expanded by an average 10.4 per cent a year, with the aim to propel the country’s economic growth.

The top three investors are PTT Plc, State Railway of Thailand and EGAT, he said.

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