The Fiscal Policy Office is a Department under the Ministry of Finance. Founded on 18 October 1961 at the initiative of then Finance Minister, Mr.Sunthorn Hongladarom, who deemed it compulsory that Thailand adopt modern expertise in public finance and formulation of fiscal policy. With the need for a focal-point agency to fulfill the mandate, the Fiscal Policy Office (FPO) was thus established, following the dissolution of Division of Fiscal Policy and Division of Statistics. Dr. Puey Ungphakorn, Finance Specialist attached to the Office of Permanent Secretary, was appointed the first Director-General of the Fiscal Policy Office., when it was headquartered at Rasadakornpipat Hall inside the Grand Palace. In 1987, FPO was relocated to the Ministry of Finance’s new premises in Soi Areesamphan, Rama IV Road, Phyathai District. FPO is housed in the 2nd Building whereas the FPO Library which also doubles as the Ministry of Finance Library is in 1stBuilding. The new FPO site was inaugurated on 22 June 1987