The Office of the National Economic and Social Development Council (), also known as NESDC (), is a national economic planning agency of

Thailand Thailand, officially the Kingdom of Thailand and historically known as Siam (the official name until 1939), is a country in Southeast Asia on the Mainland Southeast Asia, Indochinese Peninsula. With a population of almost 66 million, it spa ...

. It is a government department reporting directly to the Office of the Prime Minister. The NESDC maintains four regional offices in Chiang Mai, Khon Kaen, Songkhla, and Nonthaburi. Sanit Aksornkoae, Chairman of the NESDC, stated that in 2018 the Office of the National Economic and Social Development Board (NESDB) underwent a major revamp, including being officially renamed the NESDC. The NESDC's Secretary-General is Thosaporn Sirisamphand, appointed 4 July 2018. Its FY2019 budget is 609.7 million

baht The baht (; , ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). Prior to decimalisation, the baht was divided into eight ''fueang'' (, ), each of eight ''at'' (, ). The ...

Background

* Established on 15 February 1950 as the National Economic Council (NEC) * Renamed the Office of the National Economic Development Board (NEDB) in 1959. * Launched the first ''National Economic Development Plan'' in 1961 * Reformed as the National Economic and Social Development Board (NESDB) in 1972, under the Prime Minister's Office * Reformed as the National Economic and Social Development Council (NESDC) in 2018, under the Prime Minister's Office

Mission

NESDC is Thailand's central planning agency responsible for crafting strategies for balanced and sustainable development in the national interest.

Key functions

* Formulate the five-year National Economic and Social Development Plan. The current plan is ''The Twelfth National Economic and Social Development Plan, 2017–2021''. The aims of the Twelfth Plan are consistent with the targets of the 20-year national strategy (2017–2036). * Pursue four national agendas: *# Alleviate

poverty Poverty is a state or condition in which an individual lacks the financial resources and essentials for a basic standard of living. Poverty can have diverse Biophysical environmen ...

and

income distribution In economics, income distribution covers how a country's total GDP is distributed amongst its population. Economic theory and economic policy have long seen income and its distribution as a central concern. Unequal distribution of income causes e ...

imbalances *# Enhance Thailand's competitiveness *# Promote

social capital Social capital is a concept used in sociology and economics to define networks of relationships which are productive towards advancing the goals of individuals and groups. It involves the effective functioning of social groups through interper ...

development *# Promote sustainable development * Formulate strategies for key government policies and major development projects * Analyze budget proposals by

state-owned enterprise A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...

s and related agencies * Create an economic intelligence database, especially for GDP data * Develop development indicators

Organizational structure

The NESDC is composed of two main components:

NESDC board

* Composed of 23 membersArticle title
* Provides recommendations and comments on national economic and social development to the

prime minister A prime minister or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. A prime minister is not the head of state, but r ...

and cabinet * Coordinates NESDC efforts and those of related government agencies and state enterprises to formulate plans, development projects, and implementation plans.

Office of the NESDC

* Divided into 13 offices and two divisions * Headed by the chairman and secretary-general * Accommodates key development variables, notably the move towards a

knowledge-based economy The knowledge economy, or knowledge-based economy, is an economic system in which the production of goods and services is based principally on Knowledge intensive services, knowledge-intensive activities that contribute to advancement in Technol ...

civil service The civil service is a collective term for a sector of government composed mainly of career civil service personnel hired rather than elected, whose institutional tenure typically survives transitions of political leadership. A civil service offic ...

reforms, and good governance

References

{{DEFAULTSORT:National Economic And Social Development Board Government departments of Thailand Government agencies established in 1950 1950 establishments in Thailand Office of the Prime Minister (Thailand)