Pornchai Thiraveja, director-general of Fiscal Policy Office, Finance Ministry

Fiscal Policy Office cuts 2023 economic growth projection to 2.7%

The Finance Ministry’s Fiscal Policy Office has decided to reduce its Thai economic growth forecast for 2023, from 3.5% to 2.7%, due to the tourism slowdown and export contraction. Pornchai…

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Thai state revenues total ฿1.95 trillion in the first 9 months of this fiscal year

The Finance Ministry has collected about 1.95 trillion baht in total revenues during the first nine months of the 2023 fiscal year, beginning last October, which is 136 billion baht…

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Thailand’s economic growth for 2022 adjusted down to 3.4 percent

Thailand’s Fiscal Policy Office has adjusted the economic growth projection for this year to 3.4%, down from 3.5%, due to a slowdown in private investment, from a projection of 5.7%…

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Low income Thais who missed out on welfare card scheme to get another chance to apply

About two million low income-earners, who missed out on previous registration for welfare cards, mostly because they don’t have smartphones, will get another chance to get register to receive financial…

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Will COVID-19 give birth to a welfare state in Thailand?

Thailand’s economy has been hit hard by the COVID-19 fallout, with numerous layoffs, working hours cut and people’s income plunging. The government has implemented a raft of relief packages to…

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Fiscal Policy Office cuts policy rate to 1.25% to boost declining economy

The Fiscal Policy Office of the Bank of Thailand voted 5:2 on Tuesday to slash the benchmark policy rate by 25 points to 1.25% with immediate effect in a bid…

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‘Tailor made’ welfare system may replace ‘one size fits all’

Thailand’s Finance Ministry is considering an overhaul of the current ‘one size fits all’ state welfare system, replacing it with a more tailor made version which is more efficient in…

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