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Article: Thailand: Thai Government to Spend $5.9 Billion on Economy by End of 2010.
- Article from:
- TendersInfo
- Article date:
- September 2, 2009
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Byline: pinto03
Thailand s government will inject 200 billion baht ($5.9 billion) into the economy by the end of next year to bolster growth as a revival in export orders helps the nation recover from its first recession in a decade.
The spending is about a fifth of a 1.06 trillion-baht, three-year investment program on transportation, health and education projects, which will boost economic growth by as much as 2.5 percent a year, Finance Minister Korn Chatikavanij said in an interview today. Gross domestic product will expand in the fourth quarter from a year earlier as the spending kicks in this month and overseas demand improves, he said.
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