Published: 11:01, June 22, 2024
Thailand's lower house passes budget bill at first reading
By Xinhua
Members of parliament attend the second prime ministerial vote at the Thai Parliament in Bangkok on Aug 22, 2023. (PHOTO / AFP)

BANGKOK - Thailand's House of Representatives on Friday approved in principle the government's budget bill for the fiscal year 2025, worth 3.75 trillion baht ($102 billion), in its first parliamentary vote.

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After a three-day debate, the 500-member lower house of the Thai Parliament passed the 2025 budget for the fiscal year starting Oct 1 with 311 votes in favor, 175 against, and two abstentions.

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The budget aims to unlock Thailand's full economic potential and generate income for the people and the nation, which aligns with government policies declared to the parliament, Deputy Prime Minister and Minister of Commerce Phumtham Wechayachai told the legislature.

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The bill is required to pass another two rounds of reading in the lower house before being submitted for senate and royal approval.