Thai parliament passes delayed $96 billion budget for 2024 fiscal year

Bangkok's skyline is photographed during sunset in Bangkok, Thailand, July 3, 2023. REUTERS/Athit Perawongmetha/File Photo

BANGKOK - Thailand's lower house on Friday passed a 3.48 trillion baht ($95.6 billion) budget bill for the 2024 fiscal year, aimed at reviving aimed at reviving Southeast Asia's second-largest economy.

The 2024 budget for the fiscal year ending September aims for a 9.3% rise in spending and a drop of 0.3% in the budget deficit to 693 billion baht from the previous year. The budget was passed with 298 lawmakers in favour and 166 against. REUTERS

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