Budget deficit to double in 2015
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The national budget deficit is projected to double to Bt500 billion in fiscal 2015, compared to this year, the Budget Bureau will propose to the next government, after the charter court ruled the current administration's Bt2-trillion loan bill unconstitut
A deficit equivalent of 4 per cent of the country’s gross domestic product (GDP) will likely be designed to accommodate the government’s investment plan more flexibly. This means the government will be able to raise loans of up to Bt500 billion.
Somsak Chotrattanasiri, budget director of the Bureau, said Thursday that expenditure for 2015 would include some investments, a part of the scrapped Bt2-trillion loan bill for infrastructure development, increasing the deficit for 2015 to Bt500 billion when compared with the Bt250 billion in 2014.
The Nation
