Post by account_disabled on Dec 24, 2023 3:35:09 GMT
Office of the Science Promotion Commission Research and Innovation (NRCT), under the Ministry of Higher Education, Science, Research and Innovation (Higher Education, Science, Research and Innovation), held a meeting to clarify the system, plan, and guidelines for preparing requests and requesting budget allocations. Fiscal year 2022 on Wednesday, November 11, 2020, all day from 8:00 a.m. - 3:30 p.m. at the Grand Diamond Ballroom, Impact Muang Thong Thani, Prof. Dr. Sompong Klai Nong Suang Director of the NRCT Budget System Management Mission Group stated that the forum was organized to clarify the deadlines, steps and processes regarding the preparation of requests and the receipt of budgets.
For accurate knowledge and understanding of the system, plans, and allocation guidelines along with information To prepare for preparing the agency's budget request. Both in terms of the budget to support strategic work (Strategic Fund) to match the consideration framework. To bring about the promotion of science Effective research and innovation Raise the country's capabilities to be at the international level according to the strategy of the Ministry of Natural Resources and Environment.from surrounding pressure factors especially geopolitical Telegram Number Data problems EIC-Outlook-Q4-2023_InfoThaiEconomy-01 EIC-Outlook-Q4-2023_InfoGlobalEconomy-01 The interest rate uptrend cycle in major economies has ended. by the US Federal Reserve and Europe will begin easing monetary policy earlier in the second quarter of 2024 due to inflation falling faster than expected. The Chinese central bank is likely to continue easing monetary policy to stimulate the economy. Meanwhile, the Bank of Japan is likely to reduce monetary policy easing through the elimination of measures to control long-term bond yields in the first half of the year. and cancel the negative interest rate policy in the second half of the year.
In the long term, SCB EIC assesses that the Thai economy is still worrisome. The Thai economy will grow at a low level due to reduced growth potential. This is the result of structural problems that have accumulated for a long time. both low investment Production productivity has decreased. and scars from the Covid crisis It is clear that Thailand is among the countries that are slow to recover after the COVID crisis, ranking second in the world. In addition, the Thai economy is still fragile. and weakness from the household and business sectors that did not fully recover. This is especially true for low-income households and small businesses that still have high levels of debt. But income grows slowly and the Thai economy still faces higher uncertainty. Both from factors outside the country such as climate change and geopolitical problems. and domestic factors that still require keeping an eye on government policies that are highly uncertain. As a result, government resources are limited in additional spending to accommodate economic uncertainty and investment to increase the country's long-term potential.
For accurate knowledge and understanding of the system, plans, and allocation guidelines along with information To prepare for preparing the agency's budget request. Both in terms of the budget to support strategic work (Strategic Fund) to match the consideration framework. To bring about the promotion of science Effective research and innovation Raise the country's capabilities to be at the international level according to the strategy of the Ministry of Natural Resources and Environment.from surrounding pressure factors especially geopolitical Telegram Number Data problems EIC-Outlook-Q4-2023_InfoThaiEconomy-01 EIC-Outlook-Q4-2023_InfoGlobalEconomy-01 The interest rate uptrend cycle in major economies has ended. by the US Federal Reserve and Europe will begin easing monetary policy earlier in the second quarter of 2024 due to inflation falling faster than expected. The Chinese central bank is likely to continue easing monetary policy to stimulate the economy. Meanwhile, the Bank of Japan is likely to reduce monetary policy easing through the elimination of measures to control long-term bond yields in the first half of the year. and cancel the negative interest rate policy in the second half of the year.
In the long term, SCB EIC assesses that the Thai economy is still worrisome. The Thai economy will grow at a low level due to reduced growth potential. This is the result of structural problems that have accumulated for a long time. both low investment Production productivity has decreased. and scars from the Covid crisis It is clear that Thailand is among the countries that are slow to recover after the COVID crisis, ranking second in the world. In addition, the Thai economy is still fragile. and weakness from the household and business sectors that did not fully recover. This is especially true for low-income households and small businesses that still have high levels of debt. But income grows slowly and the Thai economy still faces higher uncertainty. Both from factors outside the country such as climate change and geopolitical problems. and domestic factors that still require keeping an eye on government policies that are highly uncertain. As a result, government resources are limited in additional spending to accommodate economic uncertainty and investment to increase the country's long-term potential.