Dec 27,2022
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Thailand this time fixed only 3% of GDP amount as a budget deficit for the Financial year 2024
This 3% budget deficit consists an amount of more than $ 17 billion for Thailand
The government is taking care of inflation and recession in its deficit amount
Currently in Thailand, the inflation is around 5.5% and the Bank of Thailand is increasing its interest rate.
The economist expected that Thailand will further increase its interest rate in 2023
Thailand earns major of its earnings from tourists and its trade and its public debt is around 61% of its GDP