The budgetary system in Thailand was introduced in 1890. However,
the modern budgeting system dates from the establishment of the Bureau of the
Budget under Budget Procedure Act B.E. 2502. This establishment was part of
the creation of four core agencies1 in charge of macroeconomic management(Suehiro, 2005: 26-28) which aimed to create stability for the Thai economy.
The Bureau of the Budget serves as the center of the budget formulation process and
is responsible for coordinating with all government agencies involved in the budget
formulation process.