Thai budget for 2023 to be based on GDP growth of 3.2-4.2 percent and inflation of 0.5-1.5 percent

InfoQuest (June 1, 2022) - General Prayut Chan-o-Cha, Thailand's Prime Minister and Minister of Defense, said in parliament that the government's draft fiscal budget for 2023 is based on the Thai economy's growth of 3.2-4.2 percent and the inflation rate of 0.5-1.5 percent in 2023. The total expenditure will be 3.185 trillion baht, of which revenue is about 2.49 trillion baht, with a budget deficit of 695 billion baht.

Source: InfoQuest, by Tanit Tongnok/Kasamarporn Kittisamphan/Rachada Kongkhunthian, translated by Xinhua Silk Road

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