Thailand must bolster its revenue collection in the long term to meet growing public spending needs stemming from an ageing population, according to the World Bank.
Government expenditure on pensions, healthcare, education and climate adaptation will need to increase and this must be achieved without constraining economic growth and keeping public debt under control, the bank said in a report on Thailand’s public revenue and spending assessment on Monday.
“Thailand can achieve a more equitable and resilient economy by improving the…
