Published: 11:37, June 19, 2024
Thai PM proposes to parliament $102b budget to revive economy
By Reuters
Thailand's Prime Minister Srettha Thavisin gives a thumbs-up during a news conference at the government house in Bangkok, Thailand, April 10, 2024. (PHOTO / AP)

BANGKOK — Thai Prime Minister Srettha Thavisin on Wednesday proposed a 3.753 trillion baht ($102 billion) budget for the 2025 fiscal year to jump start the country's sluggish economy as lawmakers began a three-day debate.

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The budget is aimed at helping the economy grow at its full potential, Srettha told the House of Representatives.

Southeast Asia's second-largest economy is expected to grow 2.5 percent to 3.5 percent in 2025, with inflation projected at 0.7 percent to 1.7 percent, he said.