The stock market will be gripped by panic if the new government is "addicted to budget deficits", raising doubts about fiscal sustainability, says Kiatnakin Phatra Securities (KKP).
KKP chief economist Pipat Luengnaruemitchai expressed concerns about the country's fiscal outlook if politicians and the government allocate excessive expenditure. Without a clear financing plan, this could cause fiscal sustainability problems in the long run.
