BANGKOK: Thailand's central bank chief said on Thursday (Sep 14) that he was concerned about fiscal stability and the new government needs to ensure fiscal discipline and not focus so much on stimulating consumption. Southeast Asia's second-largest economy continues to recover from the pandemic, driven by
BANGKOK: Thailand's central bank chief said on Thursday that he was concerned about fiscal stability and the new government needs to ensure fiscal discipline and not focus so much on stimulating consumption.
"We have to focus on stability ... what is of particular interest at the moment is fiscal stability, which is still an issue and a concern," he said., led by the populist Pheu Thai Party, is preparing a raft of policies to ease the cost of living, suspend debts for farmers, raise minimum wages and provide handouts to all adult Thais via digital wallets.
The government should adhere to fiscal discipline, Sethaput said when asked about the government's policies on debt suspension and the 560 billion baht handout through digital wallets.Prime Minister Srettha Thavisin earlier on Thursday told reporters his policies would be fiscally responsible and not be funded by loans.
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