Moody's briefed on Thai economic situation by finance minister | Bangkok Post: news

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Kittiratt stands firm on megaprojects

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The government will go ahead with the planned investment in the two-trillion baht infrastructure development projects to spur the economy, Finance Minister Kittiratt Na-Ranong reaffirmed on Tuesday. 

Mr Kittiratt, also deputy prime minister for economic affairs, said this after a meeting with officials of Moody’s Investor Service to provide them with information about Thailand's economic situation.

The government will maintain  public debt below 50% of gross domestic product, with the aim to come up with a balanced fiscal budget in 2017, he said.

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