Prime Minister Prayut Chan-o-cha on Monday said that the larger government deficit in next year’s budget would not affect the country’s efforts to manage the spread and economic fallout of the coronavirus.
“The 2022 budget deficit will not affect fiscal discipline and the country’s drive to move forward from the crisis caused by the Covid pandemic,” Gen Prayut said in televised remarks to civil servants and the public.
The government plans a deficit of 700 billion baht, up from 609 billion baht this year.
Next year’s budget of 3.1 trillion baht, approved last week, is about 5.6% lower than the current fiscal…
