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More stimulus measures needed next year says Finance Minister

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Finance Minister Korn Chatikavanij yesterday reiterated the need for stimulus measures next year to stabilise the economy, saying it remained susceptible to persistent global risk factors.

“Risks to the economy will persist next year. Despite improvements in the global economy, crises in Dubai and Greece reflect the fact that the global crisis is not yet over. The government must thus place further emphasis on stability,” he said yesterday.

Korn said Bt300 billion from the Bt1.43-trillion Thai Khemkhaeng package would be disbursed next year.

Korn said Bt300 billion from the Bt1.43-trillion Thai Khemkhaeng package would be disbursed next year

He is confident Thailand's fiscal position will be strong enough to finance the measures, especially since the ministry plans to ask for Cabinet approval early next year for the proposed new land and property tax.

Tax collections should also improve, and all of this will help reduce government borrowing and fiscal deficits.

via More stimulus measures needed next year:Korn – Nationmultimedia.com.

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