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Bangkok Post

Business

Spotlight on ballooning welfare spending

Thailand The Finance Ministry UCs

People gather outside Krungthai Bank's Bang Yai Market branch in Nonthaburi on June 4 to register for the new round of state welfare cards.

Is Thailand becoming a welfare state? The answer remains to be seen, given the government's fiscal constraints.

Public debt has risen recently, nearing the statutory ceiling of 70% of GDP.

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