Bloomberg News

Thailand Maintains Budget Deficit, Spending Targets Amid Flood

October 11, 2011

Oct. 11 (Bloomberg) -- Thailand’s government maintained its budget deficit and spending targets for the fiscal year started Oct. 1, and asked state agencies to set aside money to help the economy recover from nationwide floods.

State agencies have been asked to set aside 10 percent of their investment and operating budgets to help aid the economy once the floods subside, Worawit Jumpeerath, head of the Budget Bureau, told reporters in Bangkok today. The budget deficit and expenditure for fiscal 2012 remain unchanged, Worawit said.

To contact the reporter on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net


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