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Thailand's Deficit Spending Workable, Possibly Beyond 2005.

Bangkok Post (Bangkok, Thailand)

| October 03, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Wichit Chantanusornsiri

Oct. 3--While the government remains on track to return to a balanced budget position in fiscal 2005, or two years ahead of schedule, deficit spending could be maintained to help finance new infrastructure investment nationwide.

Finance Minister Suchart Jaovisidha said it would be a policy choice for the government on whether to continue fiscal consolidation or run ongoing deficits to finance new investments.

"It would not hurt to continue to run deficits, not if funds were needed to finance large investments as the prime minister has indicated," he said.

Prime Minister Thaksin Shinawatra last month said ...

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Source: HighBeam Research, Thailand's Deficit Spending Workable, Possibly Beyond 2005.

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