Khun Klang reveals that he spent the budget while hoping to drive the economy Waiting period for the election Both regular budget disbursements and TDRI commitments indicate that the fundamentals of the Thai economy are strong.
Mr. Arkhom Termpittayapaisith Minister of Finance Keynote address at the annual economic seminar 2023 TEA Annual Forum 2023 “It’s time! Stepping into a New Style of Thailand” organized by the Thammasat Economics Association that during the juncture while waiting for the election There are still many measures to fill purchasing power. help support the economy until a new government both about welfare cards we travel together Continued diesel tax reduction until August 2023
while waiting for the new government to update the calendar The process of preparing the expenditure budget for the year 2024, the government can use budget disbursements for the time being. Especially the disbursement of regular budgets such as government officials’ salaries. As for the overlapping contingent budget to expedite government disbursements as the period is extended for important projects until the end of September 2023 after the cabinet has approved the annual budget framework for 2027 in the amount of 3.35 trillion baht, divided into 2.49 trillion baht in regular expenditures, 717,199 million investment expenditures baht, budget deficit of 593 billion baht Expected government revenue of 2.757 trillion baht, expecting that budgetary fiscal policy will not be a problem.
Mr Arkhom added that he had discussed with the Bank of Thailand about US economic problems. and European financial institutions There is not much direct link with Thai banks. In addition, the status of the Thai banking system still strong Both the fund deposit insurance against risky assets (BIS), the NPL of the system is not high. All figures are within the limits. The BOT has a strong regulatory system. Thai financial institutions are therefore stable and able to cope with external problems at this time.
Dr. Kirida Phaopichit, director of the TDRI In-Depth Economic Analysis Project, said that the Thai economic fundamentals are still strong. international reserves Ranked in the top 15 of the world, so it’s not like many countries that have encountered a crisis. Thai interest rate still low compared to neighboring countries Inflation has started to fall, so the macro economy is quite strong. Thai financial institution system able to support various crises may be affected now. In the retail sector and SMEs, there are still problems that must be closely monitored.
Source: Thai News Agency