BANGKOK: Deputy Prime Minister and Finance Minister Pichai Chunhavajira (pic) told the Parliament on Wednesday (June 19) that the proposed borrowing of 865 billion baht to offset the deficit in fiscal 2025 budget bill is necessary to revive the sluggish economy and ensure that Thailand’s GDP can still expand to meet the target.
He also assured lawmakers that the loan will strictly be within the framework of the government’s fiscal discipline.
The House of Representatives started deliberating the fiscal 2025 budget bill on Wednesday. The bill seeks to allocate 3.7 trillion baht to government spending against a projected revenue of 2.8 trillion baht.
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