Thailand Needs to Generate More Revenue to Stimulate Spending, Advises World Bank

Thailand must bolster its revenue collection in the long term to meet growing public spending needs stemming from an aging population, according to the World Bank.

Government expenditure on pensions, healthcare, education and climate adaptation will need to increase and this must be achieved without constraining economic growth and keeping public debt under control, the bank said in a report on Thailand’s public revenue and spending assessment on Monday.

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