STATE SPENDING
Fiscal 2013 budget relies on 4.5% to 5% growth to reconcile figures
- Published: 14/02/2012 at 03:48 AM
- Newspaper section: Business
The government will base the fiscal 2013 budget on the assumption that GDP will grow by 4.5 to 5% next year with average inflation of 3.8%.
Areepong Bhoocha-oom, the finance permanent secretary, said the Finance Ministry, the Bank of Thailand, the National Economic and Social Development Board and the Budget Bureau are now jointly planning the budget for fiscal 2013 starting this Oct 1.
''All four agencies agree the economy will expand by 4.5 to 5% next year with an inflation rate of 3.8% on average,'' he said.
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About the author
- Writer: Soonya Vanichkorn
- Position: Reporter
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