Why Thailand Plans to Stretch the National Budget in 2025

Quick Summary:

Bangkok has embarked on a course of deficit spending, in the hope of reaping economic dividends over the remainder of the decade.

What we know for sure is that the government has moved forward with the first phase, distributing roughly 145 billion baht ($4.2 billion) in September of this year, and this came from the 2024 fiscal budget.

By April, even before the political shake-up, the government was already reconciling itself to this fiscal reality, putting forth a plan to divide up the digital wallet payments so they could spread the cost out over two years.

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Article Details

Author / Journalist: James Guild

Category: Economy

Markets: United StatesAustraliaChinaGermanyIndiaJapanMozambiqueMyanmarPakistanThailand

Topics: Fiscal Digital Year Time Wallet Finance Thailand Growth Government Economic Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 13:30:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 1874 words

Reading Time: 11 minutes read

Sentences: 92 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 23939314

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