Thailand: Selected Issues
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Summary:
This Selected Issues paper on Thailand reviews public investment and investment recovery from financial crises. Thailand is a country with a moderate tax effort, which indicates that increases in public saving should be achieved through a mixture of tax and expenditure measures. Future budgets should accommodate the megaprojects without putting excessive pressures on public finances, inflation, and the external balance. Least present value of revenue (LPVR) auctions alleviate the demand risk inherent in the fixed-term contracts and thus eliminate a key driver for renegotiations and the provision of minimum income guarantees.
Series:
Country Report No. 2007/231
Subject:
Expenditure Financial crises Infrastructure National accounts Public debt Public investment and public-private partnerships (PPP) Public investment spending
English
Publication Date:
July 3, 2007
ISBN/ISSN:
9781451969368/1934-7685
Stock No:
1THAEA2007001
Pages:
61
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