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Bangkok Post
Bangkok Post
Business

Thailand urges unity on fiscal, tax policy to fight looming stagflation

Arkhom Termpittayapaisith Thailand Pornchai Thiraveja Fiscal Policy
Finance Minister Arkhom Termpittayapaisith

Thailand has urged the adoption of international cooperation on fiscal policy and tax measures to help safeguard small-sized businesses and low-income people from looming stagflation.

Finance Minister Arkhom Termpittayapaisith said international fiscal and tax measures were needed to cope with the inflation crisis that could develop into stagflation, said Pornchai Thiraveja, director-general of the Fiscal Policy Office.

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