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Govt  deficit grows 

Thailand’s fiscal budget deficit rose 12.7 per cent in the first seven months of the current fiscal year (October 2018 to April 2019) to Bt619.88 billion, from Bt549.9 billion in the same period last year, according to Lavaron Sangsnit, Director–General of the Fiscal Policy Office and Ministry of Finance’s Spokesperson.

To cover the deficit, the government has borrowed Bt236.77 billion,  he said.      

The treasury reserve stood at Bt263.95 billion at the end of April 2019.

Published : May 30, 2019

By : The Nation