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

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is b ...

. 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 (; th, บาท, ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. Society for Worldw ...

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 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 ec ...

imbalances *# Enhance Thailand's

competitiveness In economics, competition is a scenario where different economic firmsThis article follows the general economic convention of referring to all actors as firms; examples in include individuals and brands or divisions within the same (legal) firm ...

*# Promote

social capital Social capital is "the networks of relationships among people who live and work in a particular society, enabling that society to function effectively". It involves the effective functioning of social groups through interpersonal relationships ...

development *# Promote sustainable development * Formulate strategies for key

government policies Public policy is an institutionalized proposal or a decided set of elements like laws, regulations, guidelines, and actions to solve or address relevant and real-world problems, guided by a conception and often implemented by programs. Public ...

and major development projects * Analyze budget proposals by

state-owned enterprise A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the governmen ...

s and related agencies * Create an economic intelligence database, especially for

GDP Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is ofte ...

data * Develop development indicators

Organizational structure

The NESDC is composed of two main components:

NESDC board

* Composed of 23 membershttp://www.radioparliament.net/parliament/viewNews.php?nId=9730#.XLPzkqQxWM8 * Provides recommendations and comments on national economic and social development to the

prime minister A prime minister, premier 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. Under those systems, a prime minister is ...

and

cabinet Cabinet or The Cabinet may refer to: Furniture * Cabinetry, a box-shaped piece of furniture with doors and/or drawers * Display cabinet, a piece of furniture with one or more transparent glass sheets or transparent polycarbonate sheets * Filin ...

* 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 the knowledge-based economy) is an economic system in which the production of goods and services is based principally on knowledge-intensive activities that contribute to advancement in technical and scientific innov ...

civil service The civil service is a collective term for a sector of government composed mainly of career civil servants hired on professional merit rather than appointed or elected, whose institutional tenure typically survives transitions of political leaders ...

reforms, and

good governance Good governance is the process of measuring how public institutions conduct public affairs and manage public resources and guarantee the realization of human rights in a manner essentially free of abuse and corruption and with due regard for th ...

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)