May
20
Thailand Budget Proposes More Investment Spending to Spur Growth
By
Prayuth Chan-Ocha, Thailand’s prime minister. Photographer: Dario Pignatelli/Bloomberg
Thailand’s government plans to increase spending on investment to the highest in seven years in an attempt to spur local demand and offset weakening exports.
The budget for the fiscal year starting Oct. 1 will have a deficit of 390 billion baht ($11.7 billion), which is 56 percent higher than the current year. Investment will account for a fifth of total spending, Prime Minister Prayuth Chan-Ocha said Thursday in parliament…
Thailand Budget Proposes More Investment Spending to Spur Growth
