Julpan, Minister of Labour, revealed the results of the 2025 Social Security Office's financial statement audit, confirming that the fund's money was not lost but there were accounting discrepancies. He stressed that the agency must urgently fix these issues to build confidence among insured persons.
On 30 April 2026 GMT+7, Julpan Amornwiwat, Minister of Labour, took proactive steps by urgently ordering the Social Security Office (SSO) to investigate and clarify the case where the Office of the Auditor General (OAG) did not express an opinion on the 2025 financial statements. He emphasized the need for utmost clarity and transparency to protect the public's interests.
Julpan disclosed that he instructed Kanchana Phoolkaew, Secretary-General of the Social Security Office, to urgently verify all facts regarding the OAG's concerns. He stressed that fund management and accounting must strictly adhere to good governance principles. Every asset and baht of the insured must be carefully managed, verifiable, and the work standards elevated to the highest efficiency to instill public trust. He recently received a clarification report stating that the issue was "not a case of fund loss," but a technical problem reconciling accounting figures between the internal accounting system (E-Form-GL) and the government accounting system (New GFMIS Thai). Due to incompatible data formats, some entries were inaccurately recorded, failing to reflect the actual assets held.
Regarding discrepancies in asset accounts, the SSO acknowledged shortcomings in updating information between the "asset register" and the "GFMIS system." The cause was inconsistent entries in GFMIS, with duplicate postings or disposed assets not yet updated, leading to outdated records.
The Minister of Labour urged the agency to promptly resolve the issues by confirming asset figures through a special task force comparing account entries and compiling all supporting documents to assure the OAG that the discrepancies are backed by actual assets. He instructed the overhaul of the asset register to prevent recording errors, directing all operational units nationwide to physically count assets and immediately correct accounting records. Additionally, internal controls will be strengthened to close documentation gaps, prevent errors in entries, and swiftly improve asset databases for accuracy.
In conclusion, the Minister of Labour said he will closely monitor the Social Security Office's progress to ensure that the accounting and asset information updates are effective and transparent. The key objective is to create a management system without loopholes to preserve the fund's stability and build lasting trust among all insured individuals.