Thai economy to grow more than 5% next year: Finance Minister
2012-12-26 16:09:44
Thailand's economy will likely expand by more than 5 percent in 2013, driven mainly by a boost in public investment, Deputy Prime Minister Kittiratt Na-Ranong said Tuesday.
The government expects to achieve the projected growth without any additional stimulus measures. Na-Ranong said that Thailand's public debt will be kept less than 50 percent of the GDP.
The government expects to achieve a balanced budget in three years, with the proposed investments in infrastructure and logistics development driving economic growth, the minister noted.
In November, the export-dependent Asian country's trade deficit decreased to $1.45 billion from $2.47 billion in the previous month, helped by a 27 percent annual growth in exports.