Creating the Future of Finance - Breakthrough Innovation

K KASIKORNTHAI Sources and Uses of Public Funds FY2023 Budget ธนาคารกสิกรไทย 开泰银行 KASIKORN BANK FY2023 budget act was approved in August 2022 and was published in the Royal Thai Gazette on September 19, 2022. Budget Planning Tax Revenue + Non-Tax Revenue (Bt2.49trn) + Borrowing under FY2023 Budget Act (Bt695bn) FY2023 Budget (Bt3.18trn) = General Budget (Bt2.39trn or 75%) + Investment Budget (Bt0.69trn or 22%) + Principal Repayments (Bt0.10trn or 3%) Budget Execution Budget Disbursement (100% target disbursement rate + carry-over) General Administration (Bt1.11trn or 35%) ■ Defense ■ Homeland security " Economic Affairs (Bt762bn or 24%) ■ Development of the country's competiveness ■ Subsidize SOES (e.g. Infrastructure project, free bus and train service policy) ■Infrastructure/Agricultural Development Social and Community Services (Bt1.31trn or 41%) ■ Education ■ Universal Healthcare Notes: Thai government's fiscal year (FY) begins on 1 October and ends on 30 September of the following year. บริการทุกระดับประทับใจ K KASIKORNTHAI Government Fiscal Budget 1400 1200 1000 540 360 ธนาคารกสิกรไทย 开泰银行 KASIKORN BANK ■Thai parliament approved FY2023 budget worth Bt3.18trn, with a deficit of Bt695bn ■ Implementation of FY2023 budget effective October, 2022 600 الاس 700 FY2022 609 FY2021 800 600 400 390 450 450 469 200 0 163 FY2017 100 FY2018 FY2019 FY2020 Budget Deficit 695 FY2023 Economic Policies ■2022 Budget Act ■2023 Budget Act Extra-Budget Borrowing Key Points ■FY2022 budget at Bt3.10trn with a deficit of Bt700bn ■FY2023 budget at Bt3.18trn with a deficit of Bt695bn Implementation Process FY2022 ■ Effective date: October 1, 2021 FY2023 ■ Effective date: October 1, 2022 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 2022) บริการทุกระดับประทับใจ 129 130

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