Move Forward accuses Srettha government of overspending

[snoop1130]

 

Move Forward party deputy leader Sirikanya Tansakul has accused the government of overspending by resorting to borrowing an additional 130 billion baht to partially fund the 560 billion baht digital wallet scheme.

 

She said that the national budget for the 2024 fiscal year, which was originally set at 3.35 trillion baht, has been increased to 3.48 trillion by the government of Prime Minister Srettha Thavisin, which means that government borrowing, to offset the budgetary deficit, will increase from 593 billion baht to 693 billion baht.

 

The increased borrowing will raise public debt to 12 trillion baht, or 64% of the country’s GDP, compared to 63% last year. The government’s net revenues for the 2024 fiscal year are forecast to increase by only 30 billion baht, to 2.787 trillion baht.

 

Caption: Move Forward’s deputy leader Sirikanya Tansakul

 

Full story: Thai PBS 2023-09-15

 

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[hotchilli]

The new government has to buy popularity... it's all it knows.

It doesn't have a single long term solution

[vivananahuahin]

A single word "populism".

[Sydebolle]

Jack it up .......