KASIKORNTHAI Regulatory Capital and Financial Performance Update
K
KASIKORNTHAI
Public Debt to GDP and Fiscal Budget
Public Debt
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Budget Disbursement Rate
Million Baht
11,000
10,000
9,000
8,000
7,000
6,000
Public Debt (Ihs)
-% to GDP (rhs)
(%)
%
70
120
65
100
60
80
55
660
50
45
40
40
FY 2024
40
20
FY 2023
20.3
-FY 2022
14.2
0
Oct Nov Dec Jan
Feb
Mar
Apr May
Jun
Jul
Aug Sep
■Public debt to GDP ratio rose to 62.1% in October
2023. However, it is still under the 70% limit set under
the fiscal sustainability framework
■Thai government raised the ceiling of the public
debt-to-GDP ratio from 60% to 70%. The public debt
to GDP is expected to rise to 61.35% in FY2024
Source: Ministry of Finance (MOF), Fiscal Policy Office (FPO),
and Public Debt Management Office (PDMO)
FY24 Budget
Total Budget*
Bt3.18trn
- General Budget
Bt2.52trn
- Investment Budget
Bt0.66trn
FY24
target
Bt3.18trn
(100%)
Bt2.52trn
(100%)
Bt0.66trn
(100%)
2M FY24
actual
Unused FY24
Budget
Bt0.64rn
(20%)
Bt0.60trn
(24%)
Bt0.04rn
(6%)
Bt2.54rn
(80%)
Bt1.92trn
(76%)
Bt0.62trn
(94%)
■Government budget disbursement rate for 2MFY2024 is
20.3%*, down 2.4% from 22.7% in 2MFY2023
* Noted: compared with FY2023 budget for reference only as official FY2024 budget is not effective
บริการทุกระดับประทับใจ
135
K
KASIKORNTHAI
20-Year National Strategy (2017-2036)
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
(As defined in Section 65 of the Constitution of the Kingdom of Thailand and passed by the NLA in June 2017)
To achieve the vision "Security, Prosperity, Sustainability", to become a high-income country, to improve quality
of life, to generate high income, to escape the middle income trap, and to ensure well-being for all Thais
"Security"
Key Strategies
"Prosperity"
2
Competitiveness
enhancement
Broadening
Opportunity
"Sustainability"
Security
Development
and
and Equality
Empowerment in Society
Human Capital
Reforming
3 5
Government
Administration
Environmentally-
Friendly growth
"
The Goals
High income country: 15,000 USD per capita by 2036 (2016 income per capita = 5,901 USD)
Economic growth around 5% per year (4-5% under 12th NESDB Social and Economic Development
Plan and 5% for the next three NESDB 5-Year Plans)
People of all ages healthy and with lifelong learning opportunities
Target Gini: <= 0.36 (inequality measurement: lower figure indicates better income distribution)
Forest area as percentage of total land area more than 40%
Fully implement Digital Government Services
Enhance Corruption Perceptions Index beyond 50Plus (the lower tier of least corrupt countries)
National Strategy Committee: Chairman is the Prime Minister; Secretary is NESDB Secretary-General
34 committee members
First 17 committee members are high-ranking state officials and leading industry experts such as the Prime Minister,
members of the top brass, National Police Chief, Permanent Secretary for Defense, President of the House of
Representatives, Chairman of the Federation of Thai Industries, President of the National Farmers Council,
President of the Thai Bankers' Association, Chairman of the Thai Chamber of Commerce, etc.
Second 17 Committee members are experts from various fields
2017
2022
T
2027
2032
2036
Jun17: NLA passed the law
Aug17: Cabinet appointed committees.
Jun18: Cabinet endorsed the plan
Jul18: NLA approved the plan
The National Economic and Social Development Plan (5-year plan) aligned with the 20-year National Strategy
The 12th National Economic and Social
Development Plan (2017-2021)
The 13th National Economic and Social The 14th National Economic and Social
Development Plan (2022-2026)
Development Plan (2027-2031)
บริการทุกระดับประทับใจ
The 15th National Economic and Social
Development Plan (2032-2036)
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