BANGKOK, 23 January 2013 The Finance Ministry has announced its readiness to support key state-initiated strategies to prompt Thailand for the realization of the ASEAN Economic Community (AEC) in 2015.
Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong said on Tuesday that the Thai economy is estimated to be worth around THB12 trillion at present, even though it has been hit drastically by the severe flood crisis in 2011.
Mr. Kittiratt stated that the Finance Ministry is set to work in accordance with a set of key strategies designed to help bring Thailand forward, in order to help prepare the country for the AEC realization in less than 2 years, as called for by the Prime Minister.
He added that as Thailand has been having quite a low level of state investment, the country’s basic infrastructure development has accordingly been mediocre.
The Finance Minister stressed that more and speedy investment into railway, land, marine and air transportations mush be made to enhance the country’s competitiveness and boost the economic growth as well as help Thais make more income.
Mr. Kittiratt said that the state budgeting for fiscal 2014 will see a small current account deficit, which has been designed to benefit the economy.
