Four measures endorsed to boost GDP by 1%
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The Cabinet on Tuesday approved four main measures to boost the economy in the latter half.
The four areas in focus cover private consumption, private investment, public spending and export-related activities.
Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong said that the measures should be enough to boost the gross domestic product by 1 percentage point or Bt120 billion.
The measures are launched in consultation with the National Economic and Social Development Board, following the downward revision of global growth from 3.3 per cent to 3.1 per cent.
"The measures, to boost public and private spending, do not involve any budget. They rather demand higher efficiency from government units," he said.
