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While waiting for an opportunity, the Treasury is considering each half of the third phase, revealing that the IMF expects the Thai economy to recover in 2 years, see stimulus measures. ERA, the foundations make sense
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Date Mar 17 Mr. Archom Termpittayapaisit The Finance Minister said that the International Monetary Fund (IMF) had assessed the overall outlook for the Thai economy in 2021 which would expand by 2.6%, in line with the Thai estimate. The Office of the National Economic and Social Development Council (NESDB) or NESDB is expected to expand by 2.5% to 3.5%.
While the Treasury is forecasting 2.8%, the Treasury still wants to set an ambitious target of 4%, which must be met through infrastructure investment initiatives. And EEC project Along with stimulating the national economy Including the opening of the country as soon as possible
“4% have a chance. But depending on this year’s exports they will expand even more. US Policy In the injection of US $ 1.9 trillion, or about 60 trillion baht, which is believed to have a positive effect on the Thai economy as well. Including public investment Through an ongoing infrastructure project despite the COVID-19 epidemic, ”Arcom said.
Mr. Arkom He said that the IMF explained to Thailand that Now, from the COVID-19 situation, the fiscal policies of all countries operate in the same way. While financial measures come to the rescue By easing monetary policy Using a low interest rate Low interest loans (Soft Lones) Moray to help companies breathe easier.
This I agree that the Thai economy still needs at least 2 years to recover and wants Thailand to continue stimulating the economy to make a full recovery. In particular, the tourism sector is expected to begin to recover in 4Q2021, while new revenues will arrive in 2022.
“We will look to the future. I can’t see the problem alone You should also look at hope for the future. The future of the Thai economy is still possible. But what do you want to do? The government welcomes all opinions. Hear feedback from the private sector on what the government can do. When it comes to current state spending In the future, you need to help each other to make money at home. Provide Thailand with the ability to allocate resources for development and debt settlement to foreign countries. Which is also considered a national credit, ”said Mr. Arcom.
What’s more The IMF also agreed with Thailand to implement measures to stimulate domestic consumption. And I admire the care of the founding economy. Through tastings, shopping, use measures Especially half of the measures Which is a joint payment between the state and the people. As for the measures we win, it also plays a role in pain relief. The objective of mitigation differs from the halftones that are economic recovery. Regarding the measures for each semester, phase 3 will be expanded or not. Still pending But considered a useful measure. Most people use discipline. Not corrupt, take advantage of the project Now there is still time to consider it.
Mr. Arkom He said that in the policy proposal to reduce corporate income tax To stimulate such investment The Ministry of Finance has not yet thought about it. Although the tax rate in Thailand is not as low as in Singapore. But it is considered the lowest compared to many countries in the region. And this part of the tax income is considered the main income of the country. To stimulate investment, tax benefits can also be obtained through the request of the Investment Promotion Board (BOI).
While Royal Decree Softone The Bank of Thailand (BOT) is still in the process of reviewing it in order to make loans to operators larger than SMEs. Especially hotel groups
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