Khun Klang reveals signs of a recovery in the Thai economy. tourism expands It is expected that exports in the second half of the year will start to improve. Indonesia ready to buy more rice from Thailand Positive factors to welcome the new government

Mr. Arkhom Termpittayapaisith The Minister of Finance said that now the economic signs are gradually recovering. from many factors Including the trend of entering the country of foreign tourists make the airport full of tourists The Treasury expects 29 million tourists this year, while the NESDB expects 28 million people, hoping to generate 1.27 trillion baht in revenue, which is a positive factor in generating income into the country.

export part Although the NESDB expects exports in 2023 to contract by 1.6 percent due to the global economic slowdown. The Ministry of Finance views that in the second half of the year Exports will tend to improve. from Thai agricultural products and food groups began to export more types During the ASEAN Summit in Indonesia last week Indonesian leader said want to buy more rice from Thailand and Vietnam Because Indonesia suffers from severe natural disasters. affecting the cultivation of large amounts of rice As a result, exports of agricultural products and food will be a driving force for increasing export sales.

Importantly, when the new government comes to consider the expenditure budget for the year 2024, disbursements must begin in October 2023 to accelerate investment. will cause new money to be released into the system During this period, investment in the overlapping project must be pushed forward. to support the economy and pay for the regular budget for the time being When the Thai economy is still strong able to support global economic problems The whole of Europe is still facing problems with many financial institutions. As for the problem, the US government pushed Congress to pass a law to extend bond debt. And the use of money to manage the country from the expansion of the public debt ceiling that Congress would eventually approve of such guidelines. so as not to affect the global economy.

Source: Thai News Agency