BANGKOK, 7 July 2015 – The Cabinet has given the green light to the draft law on procurement and management of state property and is forwarding it to the National Legislative Assembly (NLA) for deliberation before its enactment.
Following the weekly Cabinet meeting, Deputy Government Spokesperson Maj Gen Sansern Kaewkamnerd stated that the procurement and state property management bill proposed by the Ministry of Finance has been given approval in principle.
The new law is intended to be enforced on the procurement process within government agencies and state enterprises, concentrating on transparency, cost-worthiness, effectiveness and examinability. It also stipulates the drawing up of integrity pacts while giving the public a chance to participate in the inspection of government projects. If enacted, five committees will be established to take charge of related procedures.
The bill is now slated to be reviewed by the Office of the Council of State before being forwarded to the NLA for final consideration. It is expected to be approved and enacted into law at the beginning of the next fiscal year or around October.