Thailand gears up for economic growth with a proposed budget and potential casino resorts, aiming to counter US tariff impacts and boost tourism sector post-natural disasters.
Thailand gears up for economic growth with a proposed budget and potential casino resorts, aiming to counter US tariff impacts and boost tourism sector post-natural disasters.
In a bid to revitalize its economy, Thailand’s Prime Minister Paetongtarn Shinawatra has unveiled a significant budget proposal for the upcoming fiscal year. With a focus on driving sustainable growth and improving the quality of life for its citizens, the proposed budget of 3.78 trillion baht aims to counter the impact of US tariff hikes on the Thai economy.
The budget projections include a slight increase in spending and a decrease in the deficit, signaling the government’s commitment to maintaining economic stability. As Thailand navigates challenges such as trade uncertainties and the aftermath of natural disasters like the recent earthquake, policymakers are also considering measures to boost the tourism sector, which has seen a decline in international visitors.
Amidst these economic developments, Thailand is also exploring the possibility of introducing casino resorts as part of its Entertainment Complex Bill, a move that is expected to stimulate investment and enhance the country’s tourism industry. With the Senate currently reviewing the bill and ongoing discussions on the budget proposal, Thailand is poised for potential economic growth in the coming years.