KASIKORNTHAI Regulatory Capital and Financial Performance Update

K KASIKORNTHAI Sources and Uses of Public Funds FY2024 Budget ธนาคารกสิกรไทย 开泰银行 KASIKORN BANK FY2024 the cabinet approved budget plan on September 18, 2023. However, the budget act would be published in April 2024. Budget Planning Budget Execution Tax Revenue + Non-Tax Revenue (Bt2.79trn) + Borrowing under FY2023 Budget Act (Bt693bn) FY2023 Budget (Bt3.48trn) = General Budget (Bt2.62trn or 75%) + Expenditures for replenishment (Bt0.03rn or 1%) + Investment Budget (Bt0.71trn or 21%) + Principal Repayments (Bt0.12trn or 3%) Budget Disbursement (100% target disbursement rate + carry-over) Notes: Thai government's fiscal year (FY) begins on 1 October and ends on 30 September of the following year. บริการทุกระดับประทับใจ 133 K KASIKORNTHAI Government Fiscal Budget 1400 1200 1000 800 600 540 360 600 lllu 609 400 450 200 450 469 100 0 FY2018 FY2019 FY2020 FY2021 700 695 693 ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK ■In September 2023, the Cabinet approved a draft of FY2024 budget worth Bt3.48trn, with a deficit of Bt693bn ■In April 2024, Thai parliament would approve FY2024 budget and the budget act would be effective Budget Deficit Economic Policies ■2023 Budget Act ■2024 Budget Act FY2022 FY2023 FY2024 Extra-Budget Borrowing Key Points ■FY2023 budget at Bt3.18trn with a deficit of Bt695bn ■FY2024 budget at Bt3.48trn with a deficit of Bt693bn Implementation Process FY2023 ■ Effective date: October 1, 2022 FY2023 ■Tentative effective date: April 2024 Possible Impacts/ Expected Budget ■Government spending will help maintain economic momentum ■Fiscal sustainability to remain manageable in near-term; however, continued debt creation, both from budget deficit and other borrowings, may impact long-term fiscal sustainability Note: Thai government's fiscal year (FY) begins on October 1 and ends on September 30 of following year Sources: The Ministry of Finance and KResearch (as of October 2023) บริการทุกระดับประทับใจ 134

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