Finance: Political worries hold back fiscal stimulus
Analysts urge bump to debt ceiling
Thailand remains conservative regarding its public debt-to-GDP ceiling because of concerns over a domestic political backlash, even as other countries have already raised their debt ceilings to counter the crisis, says a ministerial source.
Although both the World Bank and IMF state Thailand’s fiscal position remains strong and there is room for fiscal policy to stimulate the economy, the administration remains hesitant concerning stimulus, said a source at the Finance Ministry who…
