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Monday, April 29, 2024

Government warned over dangers of budget deficits

Mr Srettha, top right, delivers the government’s policy statement to parliament on Sept 11.

The government should be wary of becoming addicted to budget deficits because it will affect the economy in the long run, warns the chief economist at Kiatnakin Phatra Securities.

The government’s planned populist measures, including a digital money handout and slashing oil prices, are bad for fiscal discipline, Pipat Luengnaruemitchai wrote on his Facebook page.

In the long…

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