Thai PM says larger 2022 budget deficit won't impact coronavirus response

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Thai PM says larger 2022 budget deficit won't impact coronavirus response

 

FILE PHOTO: Thailand's Prime Minister Prayuth Chan-ocha, wearing a face mask, attends a family photo session with new cabinet ministers at the Government House in Bangkok, Thailand August 13, 2020. REUTERS/Jorge Silva/File Photo

 

BANGKOK (Reuters) - Thailand's Prime Minister Prayuth Chan-ocha on Monday said that the larger government deficit in next year's budget would not affect the country's efforts to manage the spread and economic fallout of the coronavirus.

 

"The 2022 budget deficit will not affect fiscal discipline and the country's drive to move forward from the crisis caused by the COVID pandemic," Prayuth said in televised remarks to civil servants and the public.

 

The government plans a deficit of 700 billion baht ($23.25 billion), up from 609 billion baht this year.

 

Next year's budget of 3.1 trillion baht ($102.89 billion), approved last week, is about 5.6% lower than the current fiscal year.

The gap comes from lower tax revenue, he said.

 

Revenue collection is expected to be at 240 billion baht from 267 billion baht this year due the economic impact from the coronavirus.

 

The country begins use of the 2022 budget in Oct. 1 this year.

 

($1 = 30.1300 baht)

 

(Reporting by Panarat Thepgumpanat and Chayut Setboonsarng; Editing by Martin Petty)

 

-- © Copyright Reuters 2021-01-12

 

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[sammieuk1]

look at me I'm praying one 4 stone ring for sale only one reckless incompetent owner the rest of the deficit will come via donations or I will order it returned????

[harada]

Perhaps the billions of $US stashed in overseas bank accounts could be returned to the people to help out. 

[Happyman567]

3 hours ago, harada said:

Perhaps the billions of $US stashed in overseas bank accounts could be returned to the people to help out. 

Hahaha u think That is for you know who

[tomauasia]

That Chinese s--t not going to protect anybody. They will be sick from it. Freebies from your pig mate. 

Yes won't effect because you never responded at all. You never invested in western minds. This is why you do not belong as PM