Finance Ministry focuses on three areas to revive Thai economy

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Finance Ministry focuses on three areas to revive Thai economy

By The Nation

 

 

The Finance Ministry this year will have three areas of focus to revive Thailand's economy from the Covid-19 pandemic fallout, ministry spokesperson Kulaya Tantitemit said.

 

First, the ministry will urgently push for economic revival through speeding up budget disbursement and state spending.

 

The ministry also would streamline the tax structure to fit well with the economic and social change, added Kulaya, who also serves as acting director-general of the Fiscal Policy Office.

 

Second, the ministry will adjust the country's economic structure by seeking ways to promote investment in new technologies, such as the next generation automotive, digital business and comprehensive medical business.

 

This will enable Thailand to move to offer products and services with high economic value.

 

The ministry will also push for the revision of rules to increase its own performance in providing services to the public.

She added that one challenge this year would be how to restore Thailand's economic growth to the pre-Covid-19 era.

 

The management of macroeconomic policy in the next step would have to take into account the prevention of a second wave of the outbreak and the equitable distribution of the anti-virus vaccine.

 

Source: https://www.nationthailand.com/business/30399884

 

 

-- © Copyright The Nation Thailand 2021-01-04

 

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[ThailandRyan]

What no increasing Tourism to help the economy improve.  TAT will be along shortly to tell us how millions will be arriving to invest in new technologies and digital business development such as a new digital nomad visa as the tax structure will be streamlined to assist.

[bodga]

Yeah ......FAITH  HOPE AND CHARITY

[bodga]

1 hour ago, ThailandRyan said:

What no increasing Tourism to help the economy improve.  TAT will be along shortly to tell us how millions will be arriving to invest in new technologies and digital business development such as a new digital nomad visa as the tax structure will be streamlined to assist.

dont forget all those queuing up to invest 10  million for a 5  year was it ?, YES FIVE whole  year visa reduced to  3  million, soon to be   1  million soon to be  name your price

[Enzian]

"streamline the tax structure", you mean I'll be able to buy European wines for the same prices I see in California?

[Isaan sailor]

With an uncontrolled Baht, no amount of new technology or streamlined disbursements will make a difference.