Economics
Thailand’s Budget Disarray Casts Doubt on Economic Recovery
- Annual budget implementation is about four months late
- Irregularity in parliament vote is latest blow to legislation
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Disarray over Thailand’s delayed annual budget threatens to snuff out expectations of an economic recovery this year after a sharp slowdown.
The latest blow came Thursday when a court was asked to rule on the validity of the parliamentary vote in favor of the 3.2 trillion baht ($105 billion) spending plan. The judicial process could take months, Prime Minister Prayuth Chan-Ocha said, prolonging a hold up in outlays that were supposed to start October last year.