Some of the resolutions are as follows:
The cabinet approved and acknowledged the following proposals of the Anti-Money Laundering Office:
1. Approved the draft Act on Prevention and Suppression of Financing of Terrorism and Proliferation of Weapons of Mass Destruction (No. ?) B.E. ?, as scrutinized by Office of Council of State
A2. cknowledged the plan for drafting of secondary legislations, timeframe, and essences of the secondary legislations issued under the draft Act
The cabinet acknowledged the Overview of Economic and Trade Indices for January 2024, as proposed by Ministry of Commerce.
According to the report,
- Consumer Price Index (CPI) for January 2024: 106.98 (+0.02% MoM)
- Headline inflation rate: -1.11% YoY
- Core inflation rate: -0.83% YoY
- Headline inflation rate for 2022 is estimated at: (-0.3) ? 1.7% (Median 0.7%)
- Consumer Confidence Index (CCI): 54.5
The cabinet acknowledged Industrial Economic Report for December 2023, as proposed by Ministry of Industry.
Based on the report, manufacturing production index (MPI) for December 2023 contracted by 6.3% YoY due to an increase of household debts and high interest rates which have resulted in reduction of domestic consumption of semi-durable and durable goods, such as automobiles, concrete products, cement, etc. Economic recession of key trade partners (i.e., USA, Japan, EU, CLMV) also resulted in export reduction of electronics parts and circuits and air conditioners.
Key industries that caused the contraction were automobiles (-20.59%), electronics parts and circuit (-12.61%), and sugar (-22.93%), whereas key industries that expanded well in December 2023 (YoY) were petroleum refinery products (+7.22%), electrical cords and other cables (+43.29%), and paper (+20.28%).
The cabinet acknowledged the rescheduling of the deliberation of the draft FY2024 Budget Expenditure Act, as proposed by the Budget Bureau.
The Budget Bureau reported that the deliberation of the draft FY2024 Budget Expenditure Act has been undertaken earlier than scheduled. Therefore, the Budget Bureau has rescheduled the deliberation of the draft FY2024 Budget Expenditure Act as follows:
Deliberation of FY2024 Budget Expenditure Act
Original Schedule (Cabinet resolution on November 14, 2023) April 3 ? 4, 2024
Adjusted Schedule March 20 ? 21, 2024
Activities Deliberation by House of Representatives (Sessions 2-3)
Deliberation of FY2024 Budget Expenditure Act
Original Schedule (Cabinet resolution on November 14, 2023) April 9 ? 10, 2024
Adjusted Schedule March 25 ? 26, 2024
Activities Deliberation by the Senate
Deliberation of FY2024 Budget Expenditure Act
Original Schedule (Cabinet resolution on November 14, 2023) April 17, 2024
Adjusted Schedule April 3, 2024
Activities Office of Cabinet Secretariat submits the draft bill to His Majesty the King for the royal signature
The cabinet approved the following proposals of Ministry of Natural Resource and Environment:
1. Approved in principle the draft Ministerial Declaration for the sixth session of the United Nations Environment Assembly (UNEA-6) and High-Level Statement on Plastic Pollution, including in the Marine Environment
2. Approved for head of the Thai delegation or a representative to adopt the draft Ministerial Declaration and the High-Level Statement. Should there be an amendment in parts that are not gist nor against national interest, head of the Thai delegation may exercise judgment without having to resubmit to the cabinet.
The two documents will be adopted at the sixth session of the United Nations Environment Assembly (UNEA-6) to be held during February 26 and March 1, 2024 at UNEP headquarters, in Nairobi, Republic of Kenya.
The draft Ministerial Declaration for the sixth session of the United Nations Environment Assembly (UNEA-6) is aimed to address global environmental challenges, including climate change, biodiversity loss, pollution and deforestation, in an effective, comprehensive, and sustainable manner. The High-Level Statement on Plastic Pollution, including in the Marine Environment, proposed by Republic of Singapore, is aimed to demonstrate the region's strong cooperation and participation in supporting and promoting global efforts against plastic pollution.
Source: Cabinet Meeting (Srettha Thavisin) Feb 27, 2024