Tourism, fiscal stimulus to fuel 3.3% GDP growth

THURSDAY, APRIL 28, 2016
Tourism, fiscal stimulus to fuel 3.3% GDP growth

THE FISCAL Policy Office (FPO) has expressed confidence that gross domestic product (GDP) will grow by 3.3 per cent this year, driven by expanding tourism and fiscal stimulus measures.

Kulya Tantitemit, deputy spokeswoman for the Finance Ministry, said GDP was expected to grow within the range of 3.0-3.6 per cent in 2016. Last year’s growth was 2.8 per cent. 
Aside from rising tourism, state spending is tending to rise, particularly on transport infrastructure, water management and road-transport development, she said.