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Opposition slams Thai Government for indifference to economic realities

Opposition slams Thai Government for indifference to economic realities

14 Sept 23:58 Key points summarised by AI
  • Opposition parties vehemently criticized Thailand's 3.3 trillion baht 2021 fiscal budget, deeming it "disconnected from reality" and wasteful amidst a severe "economic tsunami."
  • Critics highlighted that 80% of the budget is allocated to routine public sector funding, with only 20% directed towards economic development or job creation initiatives.
  • Opposition leaders accused Prime Minister Prayut Chan-o-cha of accumulating unprecedented public debt (6.98 trillion baht) and spending more taxpayer money than any predecessor, pushing the country towards financial instability.
  • They further argued the budget, drafted pre-COVID-19 and unadjusted, fails to address current crises, predicting increased public hardship as subsidies expire and unemployment surges.
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