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Revenue sharing system in Thailand faces delay.
(From Thai Press Reports)
Section: General News - The revenue-sharing formula between the central and local governments would be left for the new finance minister to decide, a Finance Ministry official said, while Finance Minister Somkid Jatusripitak said the issue was under consideration by all the parties, The Nation reports.
The fiscal decentralisation law requires the central government to raise its distribution of revenue to local governments to 35 per cent from the fiscal year starting on October 1. But this was likely to be missed due partly to the delay in transferring the duties of health and education from their ministries to local governments.
The Finance Ministry has forecast revenue of Bt1.36 trillion for fiscal 2005, up from Bt1.2 trillion for the current fiscal year.
Previously, Somkid had insisted that local governments were not ready to manage a large budget, implying a change to the devolvement schedule.
A Finance Ministry study recommends 24 per cent for the next fiscal year, but includes alternative views.
Sakol Varanyuwatana, a Thammasat University economist, said that if the ministry cut the fiscal support too much it might run counter to the spirit of the 1997 Constitution, which wants to increase the role of local government.
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