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The Latest Breaking News from Fiscal Policy

New book on Kerala’s economic development advises radical changes for regaining fiscal stability

Kerala needs radical fiscal policy changes to resolve acute fiscal crisis, restore stability. Book on state's economic development in pandemic to be released. Focus on revenue, non-priority spending, borrowing, fiscal targets. Strengthening healthcare, agri-entrepreneurship, homestead farming key to recovery.

The Hindu

Interest rate hikes are not the only tool to fight UK inflation – here's what the government should do

Over the past year, interest rates have been rising rapidly around the world. The post-COVID economic recovery and Russia’s invasion of Ukraine caused inflation to reach 10% or more in many countries. Central banks in the US, UK and Europe have fought back by raising interest rates in an attempt…

The Conversation

FPO requests debt restructuring

The Fiscal Policy Office (FPO) is calling on state financial institutions and commercial banks to implement debt restructuring measures to reduce the debt repayment burden rather than extending the repayment period, says director-general Pornchai Thiraveja.

Bangkok Post

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Government outperforms revenue goals

Government revenue for the first eight months of fiscal 2023 exceeded its target by 122 billion baht as a result of economic recovery and active imports, says Fiscal Policy Office director-general Pornchai Thiraveja.

Bangkok Post

Kapow! It’s back to the 1980s as the bond vigilantes get busy

City voices: The Government mustn’t let the debt investor tail to wag the fiscal policy dog, Tim Focas writes

Evening Standard

Government revenue beats target amid growth

The Finance Ministry reported government revenue collection for the first seven months of fiscal 2023 (October to April) exceeded the target by 112 billion baht, mainly contributed by agencies other than the Revenue Department, says Pornchai Thiraveja, director-general of the Fiscal Policy Office.

Bangkok Post

Ministry sets targets for tax reform

The Finance Ministry has set four targets for tax reform, aiming to boost revenue to cover expenses and deal with future economic uncertainties, says Fiscal Policy Office director-general Pornchai Thiraveja.

Bangkok Post

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Targeted approach utilised for aid

The Finance Ministry has continued to maintain its targeted fiscal policy, including the provision of financial aid directly to specific groups, helping the country save on budget spending, says Fiscal Policy Office (FPO) director-general Pornchai Thiraveja.

Bangkok Post

Thai growth slashed based on weak exports

The Fiscal Policy Office (FPO) has downgraded its forecast for Thai economic growth this year to 3.6% from 3.8%, mostly based on expectations of an export contraction.

Bangkok Post

Michael Pascoe: The fallacy at the heart of the Reserve Bank of Australia review

Instead of tackling the fallacy and lie, the review came up with this: 'There should be increased joint work between Treasury and the RBA'.

The New Daily

IMF Sees Global Growth Below 3% in 2023

The International Monetary Fund expects global economic growth to dip below 3% in 2023 and to remain around 3% for the next five years, IMF Managing Director Kristalina Georgieva said in prepared remarks on Thursday. That is the global lender's lowest medium-term growth forecast since 1990, and well below the…

Asharq Al-Awsat

New tax reduction for land and buildings comes into effect

A 15% reduction in the land and building tax has taken effect, says Fiscal Policy Office (FPO) director-general Pornchai Thiraveja.

Bangkok Post

State eager to avoid fiscal fiasco

The government set an ambitious goal to achieve a balanced budget in 10 years, even though several obstacles still remain.

Bangkok Post

Thai consumption keeps increasing amid recovery

Private consumption improved in January, according to the Fiscal Policy Office's director-general Pornchai Thiraveja.

Bangkok Post

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The Independent UK

SNP calls for 20% cut to energy bills

UK government says it would be irresponsible to plan fiscal policy on current ‘volatile prices’.

Reason

COVID Stimulus Spending Played 'Sizable Role' in Inflation

Fiscal stimulus during the pandemic contributed to an increase in inflation of about 2.6 percentage points.

Bangkok Post

Illicit bank accounts face legal crackdown

The Finance Ministry has instructed the Fiscal Policy Office (FPO) to find ways to tackle fraudsters' use of nominees to open bank accounts, says the ministry's permanent secretary Krisada Chinavicharana.

Bangkok Post

FPO maintains Thai GDP growth forecast

The Fiscal Policy Office (FPO) has maintained its Thai economic growth forecast this year at 3.8%, in line with the continued rebound of the tourism sector and declining inflation.

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Los Angeles Times

Michael Hiltzik: The US economy is again being held hostage to our ridiculous federal debt ceiling

The individuals in charge of U.S. fiscal policy are often thought to be among the most sober people in the world, so you may be wondering why we're suddenly hearing ideas such as the minting of a trillion-dollar platinum coin or selling $100 face-value Treasury bonds for $200.

Reason

Cutting Government Back to Last Year's Size Shouldn't Be 'Impossible' or 'Severe'

Taking stock of the utterly unserious fiscal policy discourse in Washington.

Bangkok Post

Fiscal policy plans endorsed by cabinet

The cabinet yesterday approved the medium-term fiscal policy for fiscal 2024-2027, with the aim of achieving a significant reduction in the budget deficit in 2024 to ensure fiscal stability.

Roll Call

Next year's fiscal outlook - Roll Call

Lawmakers finally cleared an omnibus spending package three months late, but a divided Congress next year is sure to make fiscal policy even more contentious. CQ Roll Call’s David Lerman, Lindsey McPherson, Aidan Quigley, Laura Weiss and Paul M. Krawzak assess how the two parties fared in the omnibus deal…

Bangkok Post

FPO describes country's economy as being 'in good shape'

The Thai economy has stabilised, with inflationary pressures subsiding and public debt still below 70% of the country's GDP, according to the Fiscal Policy Office (FPO).

Bangkok Post

Talks aimed at quashing Ponzi fraud

The Department of Special Investigation (DSI) and the Finance Ministry have discussed methods to strengthen their efforts to prevent Ponzi schemes, says Fiscal Policy Office director-general Pornchai Thiraveja.

Tribune News Service

Conor Sen: Republicans can’t stop a new wave of government spending

The outcome of the midterm elections has left lingering uncertainty in Washington, including the question of what fiscal policy might look like in the new Congress. But even if Republicans regain control of the House of Representatives and/or the Senate, the landscape as we close out 2022 is completely different…

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