Govt aims for 4% growthFinance Minister Arkhom TermpittayapaisithThe government will work to achieve economic growth of 4% next year despite a lacklustre recovery in tourism, according to Finance Minister Arkhom Termpittayapaisith. The ministry and the Bank of Thailand will work closely to coordinate financial and fiscal policies to ramp up growth to 4% next year, Mr Arkhom told an economic seminar at Thammasat University on Sunday. This is despite the economy reporting 1.3% growth in the first nine months of this year. To offset the impact, the government has launched a raft of stimulus and relief measures financed by a combined 1.5 trillion baht in borrowing. Next year, the government is injecting into the economy an investment fund worth one trillion baht drawn mostly from the current fiscal year budget as well as from what is left of the 1.5 trillion baht loans.

Source: Bangkok Post December 20, 2021 06:31 UTC