Analysts Focus on Thailand’s Tax Reforms and Government Investments for 2016

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Analysts Focus on Thailand’s Tax Reforms and Government Investments for 2016
BY JACOB MASLOW



BANGKOK: -- The Bank of Thailand, along with several other financial institutions in Thailand, are forecasting that economic growth in the country will rise at least 3% in 2016. The rising GDP is expected to be fueled by tax reforms and government investments in the country.

Thailand is currently funding a mega-project on its infrastructure that is worth up to Bt1.796 trillion in 2016.

The government has also introduced new policies that will speed up investment in the country. The new policies will allow the Bt1 trillion in investments between 2016 and 2017 to proceed much faster.

Full story: http://ethailand.com/business-news/analysts-focus-on-thailands-tax-reforms-and-government-investments-for-2016/962/

-- eThailand 2015-12-23

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The Bank of Thailand, along with several other financial institutions in Thailand, are forecasting that economic growth in the country will rise at least 3% in 2016.

Recently the Ministry of Commerce was confident that the government’s economic stimulus measures will push export growth to 5% next year. The NESDB expected the economy to expand by around 3.0-4.0% next year. Deputy PM for Economic Affairs Somkid predicted 4% next year.

If anything is growing, it is the rate of glowing predictions to forestall public concern about the Prayut regime to restore the economy that the NCPO mismanaged.