Thailand's 2011 fiscal budget approved

The members of Thai parliament late Thursday night voted 250 to 172 to approved the first reading of the 2.07-trillion-baht (about 63.61 billion U.S. dollars) 2011 draft fiscal budget bill, Thai media reported Friday.

After spending over 26 hours to deliberate the bill, the House voted 250 to 172 to approve the bill in principle.

According to Bangkok Post online, the House meeting also agreed to set up a 63-member panel to consider details of the draft budget bill and submit to the House meeting for the second reading within 30 days.

The ad hoc panel will convene its first meeting at 4:00 p.m. on Tuesday.

Source:Xinhua