3% Deficit

Thailand GDP

Dec 27,2022

Scribbled Underline

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

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