The budget gap for fiscal year starting Oct 1 will widen to 865.7 billion baht , or 152.7 billion baht more than previously targeted, according to Chalermphol Pensoot, director of the Budget Bureau. This is part of the medium-term budget framework revision, approved by the Cabinet on Tuesday, he said.
SPONSORED CONTENT Sabah revenue hits RM6.97 billion: Hajiji says GRS State Government may see full term Kota Kinabalu: The Sabah Government continued its momentum in managing the economy in line with the commitment and spirit of the Sabah Maju Jaya when it posted record high state revenue of RM6.973 billion last year.
Stimulus measures, that include energy subsidies, are “extremely necessary” as the Thai economy wallows in sub-2% growth in the past decade. Uneven recovery post pandemic and borrowing costs at a decade-high hobble its recovery, Srettha said last week.The baht has dropped almost 7% against the dollar this year, the most in emerging Asia, as weak domestic consumption and disinflation weaken the currency’s outlook.
The nation’s main opposition party slammed the move to widen the deficit, saying it was done to find a way to finance Srettha’s digital wallet. It also claimed that the government was planning to borrow more this year and take a loan from a state-owned bank.