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Thailand approves 400-million-USD budget for innovation

The Thailand Science Research and Innovation (TSRI), formerly known as the Thailand Research Fund (TRF), is likely to be allocated 12.5 billion baht (over 400 million USD) after the House of Representatives changed its decision to cut down the annual budget to fund the agency’s activities.
Thailand approves 400-million-USD budget for innovation ảnh 1Thai Minister of Higher Education Science Research and Innovation Suvit Maesincee (Source: https://www.startupthailand.org/)

Bangkok (VNA) – The Thailand Science Research and Innovation (TSRI), formerly known as the Thailand Research Fund (TRF), is likely to be allocated 12.5 billion baht (over 400 million USD) after the House of Representatives changed its decision to cutdown the annual budget to fund the agency’s activities.

Accordingto the Thai government's 2020 budget bill, the funding for the above-mentioned fieldis 12.5 billion baht. However, the budget was decided to be cut down by 63.7 percent or 8 billion bahtbecause the TSRI, which manages the fund, failed to explain to the House whysuch a large sum was needed.

Ministerof Higher Education Science Research and Innovation Suvit Maesincee said that theministry successful persuaded the House of Representatives to change itsdecision during a meeting to review the 2020 fiscal budget on December 4.

Accordingly,the budget review committee of the House of Representatives agreed not to cutthe budget for science research and innovation activities./.



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