The government is targeting economic growth of up to 4.2% under its medium-term fiscal policy framework for 2023-26, and plans to maintain a budget deficit to help the fragile economy.
According to deputy government spokeswoman Rachada Dhnadirek, the framework approved by the cabinet on Tuesday aims for 3.2-4.2% growth in 2023, 2.9-3.9% in 2024, and 2.8%-3.8% in 2025 and 2026.
Net state revenue for 2023-2026 is projected at 2.49 trillion baht, 2.56 trillion, 2.64 trillion and 2.72 trillion, respectively. The expenditure budget is estimated at 3.19 trillion baht in 2023, 3.27 trillion in 2024, 3.36 trillion in 2025, and 3.46 trillion in 2026.
Ms Rachada said the government needs to continue running a deficit from 2023-26 to stimulate an economic recovery following the pandemic. The government also needs to rely on borrowing for social and economic rehabilitation,…
