The Latest Breaking News from Fiscal Policy

State revenue exceeds goal by B130bn

The government's net revenue in fiscal 2022 hit 2.53 trillion baht, exceeding its target by 130 billion baht, or 5.4%, said Fiscal Policy Office (FPO) director-general Pornchai Thiraveja.

Bangkok Post · Nov 7, 2022

Can Labor provide cost-of-living relief without feeding inflation and interest rates? An expert panel responds

Anthony Albanese says the government can’t afford to provide energy payments or other relief because to do so would put even more pressure on the RBA to raise interest rates – is he right? Three economists have their say

The Guardian - AU · Nov 4, 2022

Office nudges down growth forecast this year

The Fiscal Policy Office (FPO) has downgraded its 2022 Thai economic growth forecast to 3.4% from the 3.5% projection it made in July.

Bangkok Post · Oct 28, 2022

Ministry eyes steps to spur spending

The Finance Ministry is considering new measures to encourage spending in a bid to maintain the Thai economic recovery, according to Pornchai Thiraveja, director-general of the Fiscal Policy Office (FPO).

Bangkok Post · Oct 17, 2022

Jeremy Hunt’s economic plan turns the clock back to austerity

UK chancellor’s tightening of fiscal policy will lead to weaker growth and a deeper recession

The Guardian - UK · Oct 17, 2022

Dominant Hunt refuses to rule out new U-turn on Truss taxes

Chancellor of the Exchequer Jeremy Hunt said nothing is “off the table” when asked if he will abandon more of Prime Minister Liz Truss’ tax cut plans, confirming that his is now the leading government voice on U.K. fiscal policy.

Tribune News Service · Oct 16, 2022

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

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.

Bangkok Post · Oct 16, 2022

Pound falls sharply against dollar after Bank confirms bond-buying end date

Sterling falls more than a cent to below $1.10 after Andrew Bailey tells pension firms they have ‘got to get this done’

The Guardian - UK · Oct 11, 2022

Explainer-What do Lula and Bolsonaro propose for Brazil fiscal policy?

Both of Brazil's presidential candidates, President Jair Bolsonaro and former President Luiz Inacio Lula da Silva, have proposed changes to the constitutional spending limit that defined fiscal policy in Latin America's biggest economy for the past six years.

Reuters · Oct 10, 2022

Explainer-What do Lula and Bolsonaro propose for Brazil fiscal policy?

Both of Brazil's presidential candidates, President Jair Bolsonaro and former President Luiz Inacio Lula da Silva, have proposed changes to the constitutional spending limit that defined fiscal policy in Latin America's biggest economy for the past six years.

Reuters · Oct 6, 2022