Thailand's FY2027 Budget Bill Faces Criticism: Lacks Future Vision, Tax Reform Urged
Former Thai Prime Minister Abhisit Vejjajiva has sharply criticized the draft FY2027 budget, calling it a "day-to-day earning" budget with no clear future vision. He highlighted that most expenditures are allocated to recurring costs and debt repayment, leaving little room for long-term growth investments, and warned of public debt potentially reaching 90% of GDP, urging fundamental tax and fiscal reforms.
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