Infra investment to significantly boost Thai economy: economist
Play
The government's disbursement of central budget worth Bt56 billion in the middle of this year to finance some infrastructure projects should significantly boost the economy this year, said an economist.
Kasikorn Research Centre Managing Director Charl Kengchon expects a significant impact if more than 70 per cent of the budget or about Bt40 billion is disbursed.
A total of Bt65.5 billion is expected to flow into the economic system due to the infrastructure investment and other stimulus measures - the subsidised housing scheme (Pracha Rath), civil servants' bonus payment and Songkran spending boost.
