Budget Allocation in the Nakhon Phanom Special Economic Development Zone that Affects the Expansion of Building Construction

Abstract

While the government allocate the budget to support the Nakhon Phanom Special Economic Development Zone (NPSEDZ), the private sectors are seeking for the prospect business alongside. It would be beneficial to them if the patterns in demand for types of building can be predicted by allocated budgets. This research has studied the budget allocation to NPSEDZ, emergence of various type of buildings was gathered, and the predicting equation of the number of buildings on allocated budgets has been proposed. The process started by collecting the budget allocation data of 17 government agencies through 6 fiscal years, the number of registered buildings on 13 sub-districts area between 2015 – 2020 and then presenting the multiple linear regression models to serve as the predicting tool. The results showed that the budget of the top five agencies allocated each year, when combined, accounted for more than 70 percent of the total budget of 17 represented agencies. A large proportion of that is allocated to infrastructure projects and support the operation of NPSEDZ. For the emergence of various type of buildings figures are mainly home residential type while residential building type has less demand trend. The 3 multiple linear regression models have been proposed to predict the number of 3 type buildings with obtained R² more than 0.93.