Thai Senate Clears Budget as Parties Scramble to Form Government
The Thai Senate has approved a 3.78 trillion baht ($117 billion) annual budget, providing stability amid the country's political uncertainty. This move comes after the dismissal of Paetongtarn Shinawatra as prime minister last week, which had raised concerns among investors. The approval of the budget is seen as a positive step, as it ensures the continued functioning of the government and the implementation of necessary economic policies. The budget is expected to address various sectors, including infrastructure, healthcare, and education, with the aim of promoting economic growth and development. The political situation in Thailand remains fluid, with different parties scrambling to form a new government. However, the Senate's approval of the budget suggests a degree of institutional stability, which may help allay investor concerns and provide a foundation for the country's economic progress.
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