News Forum - Fiscal budget deficits risks Thai economy, chief economist warns

[Thaiger]

Kiatnakin Phatra Securities’ chief economist issued a stark warning over the government’s increasing reliance on fiscal budget deficits, cautioning that such an approach could harm the economy over an extended period. Pipat Luengnaruemitchai openly criticised the government’s latest populist strategies, including a digital money initiative and reduced oil costs, stating that these measures could erode … …

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[Khunmark]

Well it could be detrimental to the economy or it may not be, depending on how the money is used and the capacity of the economy to carry debt amongst other things.

[ChrisS]

"Finally, the economist stressed the importance of fiscal discipline, suggesting that PM Srettha Thavisin should not double as the finance minister given the latter’s crucial role in controlling government expenditure and cautioning the government about budget spending limits."

Got to admit, he is right with that assessment.