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Bangkok Post
Bangkok Post
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DARK SECRETS: Ekniti act swiftly to avoid crisis | Vintage Vibes

Ekniti Nitithanprapas Thailand Finance Deficit Economy STEM
Thailand's current account, which had traditionally remained in surplus, has swung into a deficit of nearly 500 billion baht over the past two months.

Thailand must act quickly to stem its mounting current account deficit before it spirals into a current account crisis, says Finance Minister Ekniti Nitithanprapas.

In a post on his official Facebook page, Mr Ekniti said that while the government's emergency borrowing decree would increase public debt, the loans are necessary to accelerate Thailand's transition from fossil fuels to clean and renewable energy.

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