Thai Lawmakers Pass $117 Billion Budget to Help Revive Economy
The Thai parliament has approved a $117 billion annual budget to help revive the country's struggling economy. The budget, worth 3.78 trillion baht, is aimed at addressing various economic challenges, including the impact of higher US tariffs and a downturn in the tourism industry. The budget allocation is expected to provide support for government initiatives and programs designed to stimulate economic growth. This includes investments in infrastructure, social welfare, and measures to boost domestic consumption and exports. The passage of the budget comes at a critical time for Thailand, as the economy faces headwinds from both external and internal factors. The government is hoping that the increased spending will help to mitigate the effects of these challenges and put the country on a path to economic recovery.
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