The government’s welfare card scheme uses a targeted fiscal approach. (Photo: Somchai Poomlard)
The Finance Ministry has continued to maintain its targeted fiscal policy, including the provision of financial aid directly to specific groups, helping the country save on budget spending, says Fiscal Policy Office (FPO) director-general Pornchai Thiraveja.
He said following the pandemic the government had a constrained budget. An approach focusing on targeted fiscal spending enabled the government to extend financial assistance to specific groups in a timely manner, resulting in effective spending with a limited budget, said Mr Pornchai.
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