categories from the slowdown in domestic and external demands and also from the lower business sentiment impacted by the outbreak. Meanwhile, public spending excluding transfers also contracted in both current
)% (490)% Net working capital on acquired / sold assets (147) 10 (142) (1,547)% (4)% Maintenance capex (133) (50) (60) (164)% (123)% Cash Flow After Strategic Spending (1,785) 24 (253) (7,524)% (606)% Net
-openings. However, towards the middle of the year, the rising inflation and continuous increase in energy costs limited private consumption and signaled a global economic slowdown, raising spending concerns
percent. The favorable global economic conditions will continue to support exports and tourism, resulting in positive spillovers to investment in related sectors. At the same time, government spending is
and 4.) other supporting factors, namely government spending to support the low-income citizens and other short-term stimulus packages, as well as private investments to support the increase in
Budget Act and drought. Furthermore, domestic spending may be limited due to weakening purchasing power and hefty household debt. Apart from economic woes, businesses face numerous other challenges that
and helped offset the still lingered at a low level of private investment and contracted in public spending. As the momentum from the above mentions, the Thai economy was expected to improve further
After Strategic Spending (93) 85 (178) 238 (550) Net financial costs (42) (21) (41) (129) (114) 13% Income tax (18) (6) (14) (43) (27) 60% Dividends and Perp interest (59) (8) (42) (132) (97) 35% (3
households. These drivers combined to support growth momentum and helped offset the still lingered at a low level of private investment and contracted in public spending. As the momentum from the above