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Sovereign Wealth Funds Briefing - Categorized | Financials, Market, Trends

Thailand: Suspension of Oil Fund contributions to help lower inflation

Posted on 31 August 2011

Suspending collection of levies from diesel and petrol sales to the state Oil Fund will help headline inflation drop by 0.5 per cent each month until the measure expires, Dr Naris Chaiyasoot, Director-General of the Fiscal Policy Office (FPO) said Tuesday.
The effect will be clearly seen in September, he added. The risk of inflation in Thai economy has reduced but risk from the global economy stemming from financial problems in Europe and the US has risen. It is necessary to stimulate domestic consumption to substitute for the possible slowdown of exports……………………………………….Full Article: Source


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