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Bangkok Post
Bangkok Post
Business

B2.8tn fuels economy in first eight months of fiscal year

The government injected 2.8 trillion baht into the economy during the first eight months of fiscal 2026, more than 4% higher than in the same period last year, according to the Comptroller General's Department.

Patricia Mongkhonvanit, director-general of the department, on Monday reported on the budget disbursement performance for fiscal 2026 and the carry-over budget from fiscal 2025, stating that during the first eight months of fiscal 2026 -- from Oct 1, 2025, to May 31, 2026 -- the total approved budget amounted to 4.1 trillion baht.

Of the total, contractual commitments reached 3.11 trillion baht, representing 75.9% of the budget, which was 5.24% higher than the commitment rate during the same period of the previous fiscal year.

Actual disbursements totalled 2.8 trillion baht, equivalent to 68.5% of the budget, exceeding the disbursement rate for the same period last year by 4.13%.

Of the fiscal 2026 annual expenditure budget totalling 3.78 trillion baht, contractual commitments reached 2.82 trillion baht, representing 74.6% of the budget, which was 1.64% above the target.

Actual disbursements amounted to 2.59 trillion baht, equivalent to 68.5% of the budget, falling 0.48% below the target but exceeding the disbursement rate recorded during the same period of the previous fiscal year by 4.58%.

For investment expenditure alone, the fiscal 2026 investment budget totalled 807 billion baht. Contractual commitments reached 578 billion baht, representing 71.6% of the budget, which was 6.63% above the target.

Actual disbursements amounted to 360 billion baht, or 44.7% of the budget, falling 4.3% short of the target but exceeding the disbursement rate recorded during the same period last year by 9.65%.

Regarding the fiscal 2025 carry-over budget, which totalled 320 billion baht, contractual commitments reached 291 billion baht, equivalent to 90.8% of the budget, slightly higher than the commitment rate during the same period of the previous fiscal year by 0.58%.

Actual disbursements totalled 219 billion baht, representing 68.3% of the budget, 2.11% lower than the disbursement rate during the same period last year.

Mrs Patricia said government investment expenditure is a key component supporting the continued expansion of GDP in the first quarter of 2026, particularly in light of the strong performance in budget commitments.

The Comptroller General's Department expects government spending to remain a key driver of growth throughout the remainder of the fiscal year. It emphasised the need for government agencies to closely manage contracts, accelerate project inspection and acceptance procedures, and expedite budget disbursements.

With only four months remaining for the disbursement of these funds, agencies are urged to act promptly. Otherwise, the appropriations will lapse, and agencies will be unable to request additional budget allocations in the following fiscal year to finance projects whose budget authority has expired.

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