The government set an ambitious goal to achieve a balanced budget in 10 years, even though several obstacles still remain.
Most governments over the past 30 years posted a budget deficit, according to data from the Budget Bureau.
Finance Minister Arkhom Termpittayapaisith said as the Thai economy is recovering from the impact of the pandemic, it is time to taper the stimulus packages and resume normal fiscal policy to direct the country towards a balanced budget in a decade.
