Thailand approves 400-million-USD budget for innovation | World | Vietnam+ (VietnamPlus)
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.
VNA
Thai 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 cut
down the annual budget to fund the agency’s activities.
According
to the Thai government’s 2020 budget bill, the funding for the above-mentioned field
is 12.5 billion baht. However, the budget was decided to be cut down by 63.7 percent or 8 billion baht
because the TSRI, which manages the fund, failed to explain to the House why
such a large sum was needed.
Minister
of Higher Education Science Research and Innovation Suvit Maesincee said that the
ministry successful persuaded the House of Representatives to change its
decision 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 cut
the budget for science research and innovation activities./.
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