The Highways Department last year finished the expansion of a section of the Chumphon-Ranong highway from two lanes to four lanes. The government believes investment by state agencies and state enterprises this year can propel economic growth.
The government aims to accelerate state investment this year to provide a tailwind to propel economic growth momentum.
Finance Minister Arkhom Termpittayapaisith said he expects the economy to expand 3-4% in 2023, with growth driven by the government’s plan to speed up state investment in key infrastructure projects.
According to Fiscal Policy Office (FPO) director-general Pornchai Thiraveja, state agencies set a combined investment budget of 664 billion baht in fiscal 2023, accounting for…
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