Thailand Open to More Stimulus If GDP Growth Misses Target
- Government still has $8 billion left from previous borrowing
- Fiscal policy office chief sees key rate unchanged this year
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Thailand’s government is ready to take more fiscal steps if economic growth falls below its base-case forecast, driven by the latest Covid-19 outbreak or delays in vaccinating the public, a senior Finance Ministry official said.
“The government is ready to do more if needed, and we still have fiscal space left,” Kulaya Tantitemit, acting director general of the Fiscal Policy Office, said Thursday in an interview in Bangkok. Still, she believes the ministry’s economic growth forecast for this year, which was revised down to 2.8% last week, is conservative enough.