Thailand's parliament approves a $96bn budget for 2024, aiming to support the economy despite a 693bn baht financing shortfall.
Thailand's parliament has approved a $96 billion budget for the 2024 fiscal year, aiming to support Southeast Asia's second-largest economy. The budget, delayed by six months, will increase public spending and accelerate public disbursement, despite facing a 693 billion baht ($3.6% of GDP) financing shortfall. However, the delay in passing the budget will impact GDP growth, according to Bank of Thailand Assistant Governor Piti Disyatat.
March 22, 2024
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