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Cabinet approves 3.78 trillion baht budget, 860 billion baht deficit
TUESDAY, JANUARY 07, 2025
2026 budget framework formulated in collaboration with four key economic agencies
Government receives six suggestions to minimise financial risks
SATURDAY, JUNE 29, 2024
The Finance Ministry this week presented six suggestions to the government to minimise financial risks and ensure the country’s financial stability, as per the requirement of the State Finance Discipline Act of 2018.
Debt to grow as govt sets 5-year financial plan
FRIDAY, DECEMBER 15, 2023
The government has approved a mid-term financial plan for fiscal 2024-2029 with estimated average gross domestic product (GDP) growth at 5.3% annually, said a news source familiar with the matter on Thursday.
Mounting national debt erodes South Korea's competitiveness: report
TUESDAY, JUNE 20, 2023
South Korea's global competitiveness ranking fell by one notch this year, as the country suffers from an expanding fiscal deficit, a report showed Tuesday.
Hong Kong may face second-highest fiscal deficit ever: finance chief
TUESDAY, SEPTEMBER 20, 2022
Hong Kong’s fiscal deficit this year is expected to exceed HK$100 billion ($12.74 billion), almost double the HK$56.3 billion estimated in the budget, financial secretary Paul Chan Mo-po said in his blog on Sunday.
South Korea’s fiscal deficit tops W100tr as spending surged amid COVID-19
MONDAY, FEBRUARY 21, 2022
South Korea’s fiscal deficit reached over 100 trillion won ($83 billion), while national debt logged a deficit of 240 trillion won, as the country was bogged down by COVID-19 woes in the past two years, data from the Finance Ministry showed Sunday.
Thailand to run fiscal deficit until 2025
TUESDAY, DECEMBER 22, 2020
Thailand plans to run a fiscal deficit until 2025, to combat projected low tax revenue from low economic growth, while targeting inflation of 1 to 3 per cent next year.
Removal of GST won’t derail fiscal deficit target
WEDNESDAY, MAY 23, 2018
THE audacious move by the Pakatan Harapan coalition government to abolish the goods and services tax (GST) may not necessarily derail Malaysia from its fiscal deficit target, as feared by many economic pundits.
Myanmar to borrow to finance pay hike
WEDNESDAY, AUGUST 10, 2016
YANGON - Myanmar President Htin Kyaw recently asked the Union Parliament to approve the government's borrowing of US$100 million.
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