Min of Finance making another revision to 2022 and 2023 economic projections

[webfact]

 

by Tanakorn Sangiam
    
BANGKOK (NNT) - The Ministry of Finance is preparing to roll out a new set of economic stimuli before the end of this year, in line with the government’s tradition to introduce the so-called gift packages for the general public.

 

The Fiscal Policy Office (FPO) has announced it is expecting a new set of economic measures from the Ministry of Finance. FPO Director General Pornchai Thiraveja will hold talks with Minister of Finance Arkhom Termpittayapaisith regarding the matter soon.

 

While no specific details have been announced, the ministry has said it will be considering a request from private firms to revive a tax rebate scheme for eligible spending during the end-of-year period.

 

Mr. Pornchai said the office has not received any report about a possible extension of the 50:50 co-pay campaign. The current phase will end on 30 October.

 

The state welfare campaign for this year has seen 21.45 million applicants. The FPO says these rather high applications are a result of pandemic-driven economic impacts.

 

The FPO chief says the Thai economy this year is expected to grow within the target margin between 3% and 3.5% this year, thanks to the recovery of the tourism sector.

 

Thailand is expected to welcome more international tourists next year, as more countries reopen their borders. The Thai economy is expected to grow by 4% next year, with more foreign currencies flowing into the country.

 

Source: https://thainews.prd.go.th/en/news/detail/TCATG221018105804681

 

-- © Copyright NNT 2022-10-18

 

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[JoePai]

They've been rubbing their crystal balls again

[Cake Monster]

32 minutes ago, webfact said:

Thailand is expected to welcome more international tourists next year, as more countries reopen their borders. The Thai economy is expected to grow by 4% next year, with more foreign currencies flowing into the country.

Again, we have a mention of Foreign Currencies, this time to try and big up currencies flowing in to the Country.

The last couple of weeks or so has seen several mentions of the Foreign Currency Account, and the need to preserve the account strength from Prawit and the BOT.

Maybe the Capital outflows are increasing due to the Dollar strength.

I am starting to think that all is not so Rosy with this Account that has been " so strong " in the past.

 

 

[puck2]

Don't forget (all theses promises:)

.... we a near to the next election in  May 2023 !

[RichardColeman]

3 hours ago, webfact said:

Thailand is expected to welcome more international tourists next year, as more countries reopen their borders.

I really do not think that tourism will grow much next year. Predicting growth in a coming world recession I would say is a little crazy

[hotchilli]

20 hours ago, webfact said:

The Ministry of Finance is preparing to roll out a new set of economic stimuli before the end of this year, in line with the government’s tradition to introduce the so-called gift packages for the general public.

Crumbs for the peasants.

[Gknrd]

Thailands economy is pretty strong.  Definitely better than it's neighbors.