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Monday, May 6, 2024

Fiscal policy to 2025 with cabinet

Fiscal policy to 2025 with cabinet

Medium-term budget will still be in deficit

The Red Line railway of the State Railway of Thailand. Increased public debt is attributed to measures to rehabilitate the economy and to infrastructure projects. (Photo by Chanat Katanyu)

The cabinet on Tuesday acknowledged the medium-term fiscal policy framework for 2022-25 that targets economic growth of 2.7-4.2%.

According to Anucha Buraphachaisri, the government spokesman, under the medium-term framework the government aims for 3-4% growth in 2022, 2.7-3.7% in 2023, 2.9-3.9% in 2024 and 3.2-4.2% in 2025.

Net revenue between 2022-25 is planned at 2.4 trillion baht, 2.49 trillion baht, 2.61 trillion baht and 2.75 trillion baht, respectively, based on the assumption the…

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