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Wednesday, May 8, 2024

NESDC issues warning on welfare spending surge

Mr Danucha said social expenditure increased from 570 billion baht in 2012 to 1 trillion baht in 2023.  Chanat Katanyu

The National Economic and Social Development Council (NESDC) has warned the government that the fiscal gap is starting to narrow due to the expansion of the state welfare budget, said secretary-general Danucha Pichayanan.

He said state welfare expenditure had been rising in the recent past. It may be necessary to find control measures, including raising incomes for vulnerable groups to be less dependent on the state welfare card system, as well as increasing the efficiency of tax collection in order…

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