Korn blasts fiscal policy | Bangkok Post: business

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Korn blasts fiscal policy

Free-spending ways imperil future, he says

  • Published: | Viewed: 2,398 | Comments: 1
  • Newspaper section: Business
  • Writer: Wichit Chantanusornsiri & Chatrudee Theparat
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Thailand has massive potential for future economic growth over the next two decades, but only if policymakers can maintain discipline in public spending, address corruption and fix imbalances in wealth distribution, says Korn Chatikavanij, a deputy leader of the opposition Democrat Party. 

From left: former finance ministers Mr Korn and MR Pridiyathorn Devakula and the current one, Mr Kittiratt, in a rare public encounter at a seminar on Wednesday. PATTARACHAI PEECHAPANICH

Mr Korn, the finance minister under the Abhisit Vejjajiva government, said Thailand's economic growth could rise nearly five-fold in the next 20 years to 50 trillion baht, assuming average annual growth of 5% and inflation of 3%.

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