Bangkok, Academics from the University of the Thai Chamber of Commerce view the fiscal year 2024 budget of 3.48 trillion baht as overall, able to stimulate the economy. Especially when the budget disbursement has to be fully disbursed along with extra-budget money from which the government will bring in hundreds of billions to stimulate the economy. Tourism allows the Thai economy to grow by 3.2-3.5% in 2024, but to monitor, there are still risk factors that may affect the Thai economy in the first quarter.
Mr. Thanawat Phonwichai, President of the University of the Thai Chamber of Commerce, said that considering the fiscal year 2024 expenses of the House of Representatives, First Session, amounting to 3.48 million baht, it is expected that the money will actually be used in May 2024. Overall, although the main ministries especially the Ministry of Interior Ministry of Education Ministry of Finance The Ministry of Transport will receive a budget of several hundred billion baht. It is considered that the bud
get must be spent in various areas that the government has specified. and saw that many of the projects were ongoing projects and needed to be used to promote local organizations Educational development reduces social inequality problems. Preparation of the country’s infrastructure and others
However, the 2024 budget, once passed by the House of Representatives for the 2nd-3rd term, is expected to be actually disbursed around May of this year. Therefore, the government will have to expedite disbursement of approximately every aspect of every project fully in order to stimulate the economy. The second half of the year But what will have to be watched from many problems, especially in the first quarter of 2024, where there are still many factors at risk, such as the recovery of the world economy. Russian and Ukrainian wars The war between Israel and Hamas is still unknown how it will become violent and affect the price of oil and energy in the world market. Until affecting the recovery of the world’s and Thail
and’s export sectors as well. But if such concerns are not severe and world trade recovers and exports continue well and continuously, the direction of the world economy and the Thai economy will improve in the second quarter onwards.
In addition, it is seen that although the 2024 budget expenditure of 3.48 trillion baht will actually begin to be disbursed during May, the Thai economy in 2024 still needs to have hundreds of billions of baht outside the budget that the government has set. that will be used through the digital wallet project Tax measures Measures to stimulate tourism, free visas and others are considered urgent and necessary measures in the short term. So that Thailand’s GDP this year will grow at 3.2-3.5%.
However, what all parties want to see in the government’s medium- and long-term economic stimulus plans must be clearly planned, such as adjusting the infrastructure of various public utility systems to be concrete in order to provide incentives for foreign investors to invest. in Thailand
has increased even more and developed tourism systematically to attract tourists from around the world to travel in Thailand because it is believed that Thailand has a high opportunity for investors and tourists interested in coming to invest and travel. And this includes the study of foreign languages, which Thai people must adapt to learn to support the investment and tourism of foreigners coming to Thailand.-
Source: Thai News Agency