Reported about 1 month ago
The Thai lower house of parliament has passed a 3.75 trillion baht ($111 billion) budget for the upcoming fiscal year, enabling newly appointed Prime Minister Paetongtarn Shinawatra to boost state spending to stimulate economic recovery. The budget includes significant funding for a controversial cash handout aimed at increasing consumption and manufacturing, in response to challenges such as high household debt and sluggish exports. Following months of political turmoil, financial markets are reacting positively to this new leadership.
Source: YAHOO