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Government accused by Move Forward of fiddling calculation of GDP

Government accused by Move Forward of fiddling calculation of GDP

14 Sept 05:28 Key points summarised by AI
  • Move Forward MP Sirikanya Tansakul questioned the government's 2024 budget, asserting it fails to reflect Thailand's declared crises and accusing officials of manipulating GDP calculations by including inflation to project an unrealistic 5% growth.
  • Sirikanya highlighted critical budget shortfalls for key government initiatives, such as the 500-billion-baht 'digital wallet' scheme, and criticized the 2% increase in the defense budget amidst economic challenges, contrasting it with past crisis responses.
  • She expressed skepticism regarding the government's mid-term fiscal plan, which projects a consistent 3.4% annual budget deficit for the next three years, raising doubts about the accuracy of the economic outlook.
  • Deputy Finance Minister Julapun Amornvivat refuted the accusation of 'cheating,' clarifying that inflation and foreign exchange rates are standard components included in GDP calculations.
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