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Thailand's Budget Crisis Looms | Thailand News
Thailand’s facing a fiscal crisis by 2028 as fixed costs devour nearly all tax revenue, public debt nears its 70% limit, and corruption drains up to 200 billion baht annually. MP Dr. Anusorn Thamjai warns urgent cuts are needed—especially in non-essential spending like overseas trips and dodgy procurement—but politically sensitive salary and pension expenses make slashing budgets tough. With interest payments climbing and investment targets locked at 20%, the government’s squeezed between paying bills and funding growth, risking collapse of essential services unless drastic reforms happen…
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