Thailand's FY2570 Budget Debate Highlights Fiscal Structural "Pus" Amid Revenue Shortfall and Rising Expenditures
Thailand's House of Representatives deliberated the FY2570 budget, with the government admitting the fiscal structure is "sick" and operating on a "day-to-day" basis due to revenue shortfalls and rising expenditures. The debate highlighted that most of the budget is allocated to recurrent expenses and debt repayment, squeezing room for development investment.
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