Thai Cabinet approves Bt350 billion ($11.6Bn) deficit for 2012

The Cabinet on Tuesday approved a budget deficit of Bt350 billion ($11.6Bn) for the 2012 fiscal year, starting Oct 1, according to Finance Minister Thirachai Phuvanatnaranubala.

Stimulus measures will remain up to two years

Stimulus measures will remain in place over the next one to two years, Finance Minister Korn Chatikavanij said yesterday, adding that his ministry was assessing how long Thailand could support budget deficits as a result of fiscal injections.

Thailand budget deficit at Bt400 billion in 2011

The Finance Ministry on Tuesday will propose for the Cabinet’s approval for its 2011 budget, when Thailand is set run a budget deficit of Bt400 billion.

Thai Finance minister: no more money into economy for 2010

Finance Minister Korn Chatikavanij on Wednesday indicated the government need not inject more money into the economic system for 2010 because the expenditure budget and investment amount under the Thai Khem Keng (strong Thailand) scheme are already enough to drive the country’s economy. He said the 2010 budget amounting to Bt1.7 trillion, when combined with an investment amount of Bt300 billion under the Thai Khem Keng scheme, would reach Bt2 trillion, sufficient to drive the economy.