Thailand to keep budget deficit not over 3% of GDP for 2024 fiscal yr - Finance Minister

📆 12/27/2022 12:57 PM
📰 ChannelNewsAsia

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(Corrects headline, paragraph 1 and 5 to show minister is referring to the fiscal year 2024, not 2023)BANGKOK :Thailand's government is planning to keep its budget deficit to no more than 3 per cent of gross domestic product in the 2024 fiscal year, the finance minister said on Tuesday, aiming for a deficit

BANGKOK :Thailand's government is planning to keep its budget deficit to no more than 3 per cent of gross domestic product in the 2024 fiscal year, the finance minister said on Tuesday, aiming for a deficit of 593 billion baht .

The inflation target will help maintain price stability and keep medium-term inflation expectations anchored, he told a news conference. The country's public debt was expected at 61.35 per cent of GDP at the end of the 2024 fiscal year starting Oct. 1, he said.

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Thailand plans budget deficit not over 3% of GDP for 2024 fiscal yr - Finance Minister(Corrects headline and paragraph 1 to fiscal year 2024, not 2023)BANGKOK :Thailand's government is planning to keep its budget deficit to no more than 3 per cent of gross domestic product in the 2024 fiscal year, the finance minister said on Tuesday, aiming for a deficit of 593 billion baht ($17.13 billion).
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