WB urges Thai gov to pursue fiscal discipline.

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The international organisation was optimistic on the country's economic growth of 4.6 next year and smooth political transition. It suggested the next government to elucidate policies and hasten public investment in order to boost confidence.

Kirida Bhaopichitr, country economist for World Bank, said the upcoming government should ensure that the country's budget was adequate to implement the grass-root policies to boost the economic growth. The fiscal policy management should base on good governance to prevent rising burdens in the future.

Many political parties have already announced their grassroot policies to lure voters, however, the success of policy implementation is in doubt due to budget constraints.

Kirida said, however, the new Constitution would help promote fiscal discipline as it requires any government to refine related issues involved in the grassroot policies, such as source of money to implement, source of money to repay and financial management.

The Nation

Anoma Srisukkasem