21st Century Thailand: Facing the Challenge : Economic Policy & Strategy |
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It recognised the limits of expansionary fiscal policy - public debt sustainability is
crucial for economic stability and investor confidence . Public debt increased
substantially after the 1997 crisis , as had concern over fiscal sustainability .
It recognised the limits of expansionary fiscal policy - public debt sustainability is
crucial for economic stability and investor confidence . Public debt increased
substantially after the 1997 crisis , as had concern over fiscal sustainability .
˹éÒ 38
3 ) Fiscal sustainability framework During FY02 , the Government started
announcing its fiscal sustainability targets . The Fiscal Sustainability Framework
was introduced to show commitment in bringing down public debt to a
manageable level ...
3 ) Fiscal sustainability framework During FY02 , the Government started
announcing its fiscal sustainability targets . The Fiscal Sustainability Framework
was introduced to show commitment in bringing down public debt to a
manageable level ...
˹éÒ 40
7 % of GDP . FY04 : Long - term development with fiscal sustainability ( October
2003 - September 2004 ) A continued positive economic outlook and strong 2003
growth helped the Government maintain its fiscal sustainability targets ...
7 % of GDP . FY04 : Long - term development with fiscal sustainability ( October
2003 - September 2004 ) A continued positive economic outlook and strong 2003
growth helped the Government maintain its fiscal sustainability targets ...
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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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activities Agreement agricultural aims Asian assets average balance Bank of Thailand borrowing budget capacity capital compared competitiveness confidence consumer consumption continue cooperation corporate cost countries create crisis current account demand domestic domestic demand economic effectively efficiency enhance enterprises entrepreneurs especially established existing expand expected expenditure exports external Farm financial institutions fiscal force foreign framework Fund future global Government growth household debt implemented important improve income increased industries informal sector initiatives interest investment labour lending loans macroeconomic manufacturing measures Ministry negotiating NPLs Office opportunities past planned position problems programme promote public debt recovery reduce reform regional restructuring result rise role saving SMEs Source spending stability strategy strengthen strong structure sustainability tariff Thai Thai economy tourism trade Village workers