December 27, 2023Business Desk

Thai government to increase deficit spending in 2025 fiscal year

Thailand's forthcoming 2025 fiscal year is poised to witness a substantial shift, with plans for a significantly larger budget deficit of 713 billion baht ($20.71 billion).

Source: Pexels

Expressing the necessity for continued economic expansion and stability, the government emphasised the requirement for a short-term deficit budget.

Source: Pexels

The cabinet greenlit the draft budget bill for the impending 2024 fiscal year. This bill is set to proceed to parliament for its inaugural reading scheduled for the following week.

Source: Pexels