Deep Thai Political Feud Risks More Delay in $105 Billion Budget
- Bitterly divided parliament begins annual budget debate
- Spending already pushed back despite sharp growth slowdown
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Thailand’s divided parliament began debating the annual budget Thursday amid concern the ruling coalition may struggle to pass the bill because of its slim majority.
The fiscal plan calls for 3.2 trillion baht ($105 billion) of spending and a budget deficit of 469 billion baht. Outlays usually start Oct. 1 but were delayed to give the new parliament a chance to scrutinize them. The hold up adds to the obstacles facing a slowing economy.