Thai Fiscal policy chief confident the central bank can control the baht's value, and tax collections exceed expectations, but public debt is also rising. | Bangkok Post: news

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Tax collections up, so is public debt

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The Fiscal Policy Office is confident the Bank of Thailand, which commands monetary policy, is capable of preventing the baht's value fluctuating too much, FPO director-general Somchai Sajjapongse said on Friday. 

The baht’s appreciation for two days in a row, to stand at 31.03 baht to the US dollar on Friday morning, was boosted by the political settlement in the US on the federal budget and debt ceiling, he said.

Even though the US problems had not yet been really resolved, as the debt ceiling was extended only to February 2014, this had made global economies feel more comfortable, he added.

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