21st Century Thailand: Facing the Challenge : Economic Policy & Strategy |
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˹éÒ 36
Once the recovery had gained adequate momentum, the Government moved
towards fiscal consolidation. It recognised the limits of expansionary fiscal policy -
public debt sustainability is crucial for economic stability and investor confidence.
Once the recovery had gained adequate momentum, the Government moved
towards fiscal consolidation. It recognised the limits of expansionary fiscal policy -
public debt sustainability is crucial for economic stability and investor confidence.
˹éÒ 40
Fiscal Year 2003: Fiscal consolidation (October 2002 - September 2003) With the
evident private sector revival leading to strong GDP growth of 5.8% in 2002, the
Government changed its fiscal strategy for FY03. Fiscal policy was redirected ...
Fiscal Year 2003: Fiscal consolidation (October 2002 - September 2003) With the
evident private sector revival leading to strong GDP growth of 5.8% in 2002, the
Government changed its fiscal strategy for FY03. Fiscal policy was redirected ...
˹éÒ 75
To ensure fiscal sustainability, these accelerated disbursements were, however,
implemented within the fiscal consolidation context with step leading to a
balanced budget in 2005. Fiscal consolidation, on the other hand, does not mean
a ...
To ensure fiscal sustainability, these accelerated disbursements were, however,
implemented within the fiscal consolidation context with step leading to a
balanced budget in 2005. Fiscal consolidation, on the other hand, does not mean
a ...
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Policy strategy and implementation | 14 |
Policy outcomes and achievements | 55 |
Puzzles in the recent success story | 86 |
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1997 financial crisis agricultural ASEAN Asia Cooperation Dialogue Asian Asset capitalisation asset prices baht balance Bangkok Bank of Thailand borrowing budget capital China CLSA commercial banks comparative advantage competitiveness consumption loans cooperation countries create current account deficit disbursement domestic demand economic recovery efficiency enhance enterprises entrepreneurs exchange rate expand expenditure exports Farm Activities FIDF financial sector fiscal consolidation fiscal policy fiscal sustainability fixed assets Framework Agreement GDP growth global Government's grassroots household debt implemented improve income increased industries informal sector interest rates investment investors labour force lending long-term macroeconomic Malaysia Ministry of Finance monetary policy negotiating NESDB NPLs percent private sector programme promote public debt public sector reduce reform regional revenue SMEs SOEs Source Specialised Financial Institutions spending stability strategy strengthen structure TAMC targets Thai economy Thai Government tourism trade utilisation Village Fund workers