Thai cabinet approves 2.7% hike in budget for 2023 fiscal year

BANGKOK (Reuters) - Thailand's cabinet on Tuesday approved a 3.185 trillion baht ($95.50 billion) budget for the 2023 fiscal year, a government spokesman said in a statement.

The budget was 2.74%, or 85 billion baht, higher than the previous year, spokesman Thanakorn Wangboonkongchana said. Thailand's 2023 fiscal year begins in October 2022 and ends in September 2023.

($1 = 33.3500 baht)

(Reporting by Panarat Thepgumpanat, writing by Chayut Setboonsarng; Editing by Ed Davies)