Debt to grow as govt sets 5-year financial plan
The government has approved a mid-term financial plan for fiscal 2024-2029 with estimated average gross domestic product (GDP) growth at 5.3% annually, said a news source familiar with the matter on Thursday.
The plan was approved at a meeting on Thursday at the Ministry of Finance in Bangkok, in a session chaired by Prime Minister and Finance Minister Srettha Thaksin.
According to the source, the approved plan aims to run a deficit expenditure budget continually until 2029 in a bid to boost the country’s economic expansion. Under the plan, the GDP growth is estimated at an average rate of 5.3% per year, or from 19 trillion baht in 2024 to 24.6 trillion baht in 2029.
The Nation Reporter
