Government warned over dangers of deficitsMr Srettha, top right, delivers the government's policy statement to parliament on Sept 11. The budget deficit framework was also enlarged for future years. This differs from previous planning efforts in which the deficit was gradually reduced to create a balanced fiscal budget over the long run. A higher fiscal deficit as a result of power tariff and energy price subsidies would also worsen the country's current account deficit and consequently affect exchange rates. "Maybe this is one of the reasons why the prime minister should not hold the position of finance minister -- because the finance minister can control government expenditure.
Source: Bangkok Post September 16, 2023 22:18 UTC