Showing 1 - 3 of 3
VAT hikes alone won't narrow deficit
Oped, Chartchai Parasuk, Published on 27/11/2025
» This article is not meant to attack Finance Minister Ekniti Nitithanprapas’s Medium-Term Fiscal Framework (MTFF) for the fiscal years from 2026 to 2030. It is meant to emphasise the fragility of a Thai fiscal position that requires multiple revenue enhancement measures.
Household debt plan has many flaws
Oped, Chartchai Parasuk, Published on 28/11/2024
» It is unanimously agreed that household debt is one of the major economic problems of Thailand. Non-performing loans (NPL) from household debt amount to 1.2 trillion baht according to the National Credit Bureau (NCB). If it includes Special Mentioned (SM) debt (31-90 days of default), the bad debt level would rise to 1.7 trillion baht, or about 12.3% of total household debt outstanding.
No choice but to open the economy
Oped, Chartchai Parasuk, Published on 14/10/2021
» There are not many countries on this planet that depend on outside markets like Thailand. Exports of goods account for 54% of GDP while foreign tourism income accounts for another 12% -- totaling 66% of GDP. The rest is made up by domestic private consumption.