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12 Jun 2024

Thai Economy

Demographic shift may pose increased risk to Thailand’s fiscal position (Current Issue No.3505 Full Ed.)

คะแนนเฉลี่ย

Demographic shift may pose increased risk to Thailand’s fiscal position

  • Presently, Thailand has around 13 million elderly people. The increasing number of seniors may pose increased risk to the country’s fiscal position. The issue will become much worse in line with a demographic shift in Thailand.
  • Given this, the government may need to generate more revenue to keep pace with the rising expenditures. It is also crucial to increase the number of people who can rely on their own retirement savings to ensure sustainable fiscal stability in the long term.

Thai Economy