Fiscal outlays fall short

Investment spending misses 2025 target

- WICHIT CHANTANUSORNSIRI

By the end of fiscal 2025, disbursement of the government's investment budget may reach only 75%, falling short of its 80% target, says the chief of the Comptroller-General’s Department.

Patricia Mongkhonvanit, director-general of the department, said the failure to reach the 80% disbursement target can be attributed to contractors being unprepared to commence work and appeals filed by losing bidders in government procurement processes.

These factors cause delays in signing procurement contracts and beginning construction work.

However, she said the appeals review process is now faster, taking no more than 60 days.

According to Mrs Patricia, the department is monitoring and expediting budget disbursement on a weekly basis, tracking disbursements by individual ministries.