CNA Saksith Saiyasombut CNA Saksith Saiyasombut

Thailand plans $20 billion budget deficit to bolster recovery

Thailand plans to stick to an expansionary fiscal policy to aid its recovery from the COVID-19 pandemic. Prime Minister Prayut Chan-o-cha's government has proposed a higher spending worth more than $93 billion in its 2023 draft budget bill. The budget deficit is projected at $20 billion, or 3.9% of the country's GDP. Southeast Asia’s second-largest economy is forecast to expand between 3.2% and 4.2% next year, as revenues are expected to improve amid higher domestic demand and a revival in the tourism sector.

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Podcast Saksith Saiyasombut Podcast Saksith Saiyasombut

Guest Appearance: Nordic Asia Podcast - "The Race for the Governor: Talking Bangkok Elections with Saksith Saiyasombut"

“Why did Chadchart Sittipunt win the Bangkok governor race? What does his win tell us about broader political trends in Thailand? And how did it feel covering the Bangkok election? Saksith Saiyasombut, CNA’s Thailand Correspondent in Bangkok, joins Petra Alderman to talk about the significance of the Bangkok governor race – and the local administrative and council elections – and the challenges of being a journalist in Thailand.”

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