The Federation of Thai Industries (FTI) said the government needs to borrow an additional 1 trillion baht to help boost the economy next year, following a months-long lockdown to curb Covid-19 outbreaks.
Finance Minister Arkhom Termpittayapaisith says there is no need for the government to borrow additional money to combat the pandemic because the existing 500-billion-baht loan is sufficient.
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FTI warns virus spread threatens exports
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published : 19 Jul 2021 at 06:44 The atmosphere at Bangkok s Sampeng market remains quiet during the pandemic. (Photo: Somchai Poomlard)
The ongoing Covid-19 outbreak is threatening to hinder the export sector from achieving its 8%-10% growth target as more factories are hamstrung by rising infections, says the Federation of Thai Industries (FTI).
Kriengkrai Thiennukul, vice-chairman of the FTI, said disease transmission is affecting production capacity and will eventually mar plans to export goods.
Some production lines have stopped and manufacturers are forced to delay product delivery, he said. If the government cannot control the virus spread, the country may miss its 8-10% export growth target, Mr Kriengkrai said.