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Thailand needs to address its growing spending needs while keeping public debt under control, according to the World Bank's latest report on the country.
One of the suggestions is to increase #VAT.
Link to report - documents1.worldbank.org/curated/en/099…
#Thailand #ภาษีมูลค่าเพิ่ม
One of the suggestions is to increase #VAT.
Link to report - documents1.worldbank.org/curated/en/099…
#Thailand #ภาษีมูลค่าเพิ่ม
The report emphasizes the necessity of implementing reforms to mitigate rising fiscal pressures, which include challenges associated with the aging population and climate change.
The report underscores the importance of increasing public spending on social protection, education, and climate adaptation.
It points out that Thailand's Old Age Allowance, along with other social assistance payments, is relatively low compared to global standards.
It points out that Thailand's Old Age Allowance, along with other social assistance payments, is relatively low compared to global standards.
